This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Easy entry and exit cause oligopoly profits to be zero in the long run. a. True b. False Indicate ... (Read 98 times)

appyboo

  • Hero Member
  • *****
  • Posts: 527
on: Jun 30, 2018
Easy entry and exit cause oligopoly profits to be zero in the long run.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Marginal cost is defined as the increase in total cost resulting from an increase in:
 a. one unit of output.
  b. output of 100 units.
  c. a firm's plant size.
  d. one unit of labor.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

shaikhs

  • Sr. Member
  • ****
  • Posts: 312
Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

a


appyboo

  • Hero Member
  • *****
  • Posts: 527
Reply #2 on: Jun 30, 2018
Correct answers!


shaikhs

  • Sr. Member
  • ****
  • Posts: 312
Reply #3 on: Jun 30, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

Did you know?

Every flu season is different, and even healthy people can get extremely sick from the flu, as well as spread it to others. The flu season can begin as early as October and last as late as May. Every person over six months of age should get an annual flu vaccine. The vaccine cannot cause you to get influenza, but in some seasons, may not be completely able to prevent you from acquiring influenza due to changes in causative viruses. The viruses in the flu shot are killed—there is no way they can give you the flu. Minor side effects include soreness, redness, or swelling where the shot was given. It is possible to develop a slight fever, and body aches, but these are simply signs that the body is responding to the vaccine and making itself ready to fight off the influenza virus should you come in contact with it.

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

Did you know?

Anti-aging claims should not ever be believed. There is no supplement, medication, or any other substance that has been proven to slow or stop the aging process.

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

A herd of barren-ground caribou at the Thelon River. This subspecies is a long-distance migrant A herd of barren-ground caribou at the Thelon River. This subspecies is a long-distance migrant
A young Lipizzan at the Spanish Riding School in training equipment, wearing saddle, bridle and long A young Lipizzan at the Spanish Riding School in training equipment, wearing saddle, bridle and long
Human immunodeficiency virus gains entry into helper T cells, uses the cell DNA to replicate, interf Human immunodeficiency virus gains entry into helper T cells, uses the cell DNA to replicate, interf
An example of a late entry to the medical record. An example of a late entry to the medical record.
How Long Does Poverty Last? How Long Does Poverty Last?
Apply long effleurage stroke to entire arm, from hand to shoulder. Brush off from shoulder to hand. ... Apply long effleurage stroke to entire arm, from hand to shoulder. Brush off from shoulder to hand. ...
Video: Interview with Person who has Schizophrenia

For a complete list of videos, visit our video library