This topic contains a solution. Click here to go to the answer

Author Question: Easy entry and exit cause oligopoly profits to be zero in the long run. a. True b. False Indicate ... (Read 95 times)

appyboo

  • Hero Member
  • *****
  • Posts: 527
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
Answer to Question 1

False

Answer to Question 2

a





 

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

Alcohol acts as a diuretic. Eight ounces of water is needed to metabolize just 1 ounce of alcohol.

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

For a complete list of videos, visit our video library