[Answered] Easy entry and exit cause oligopoly profits to be zero in the long run. a. True b. False Indicate ...

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 111 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.

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

« previous next »

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Did you know?

When blood is exposed to air, it clots. Heparin allows the blood to come in direct contact with air without clotting.

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

Blood in the urine can be a sign of a kidney stone, glomerulonephritis, or other kidney problems.