The automobile, steel, and oil markets are all examples of: a. ...

[karlynnae]

The automobile, steel, and oil markets are all examples of:
 a. perfectly competitive markets.
  b. monopolies.
  c. monopolistically competitive markets.
  d. oligopolies.

Question 2

Economists say that a firm has a normal profit when:
 a. it earns a return of at least 10 percent.
  b. its accounting profit is positive.
  c. it can pay all its variable costs.
  d. its economic profit is zero.

[mfedorka]

Answer to Question 1

d

Answer to Question 2

d

[karlynnae]

Thanks for the timely response, appreciate it

[nathang24]

Great answer, keep it coming