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

Author Question: Entry of new firms will occur in a monopolistic competitive industry until: a. marginal cost equals ... (Read 76 times)

student77

  • Hero Member
  • *****
  • Posts: 567
on: Jun 30, 2018
Entry of new firms will occur in a monopolistic competitive industry until:
 a. marginal cost equals zero.
  b. marginal revenue equals zero.
  c. marginal revenue equals marginal cost.
  d. economic profit equals zero.
  e. economic profit is negative.

Question 2

Payments to nonowners of a firm are called:
 a. implicit costs.
  b. accounting costs.
  c. explicit costs.
  d. economic costs.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

srodz

  • Sr. Member
  • ****
  • Posts: 333
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

a


student77

  • Member
  • Posts: 567
Reply 2 on: Jun 30, 2018
Excellent

chjcharjto14

  • Member
  • Posts: 342
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Did you know?

The lipid bilayer is made of phospholipids. They are arranged in a double layer because one of their ends is attracted to water while the other is repelled by water.

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

Mutualisms, such as those that occur among plants and pollinators, generally involve large numbers o Mutualisms, such as those that occur among plants and pollinators, generally involve large numbers o
Tracking time of marker entry generates a chromosome map Tracking time of marker entry generates a chromosome map
Ectopic pregnancies. (a) An ectopic pregnancy may occur in any of the locations shown. Interstitial Ectopic pregnancies. (a) An ectopic pregnancy may occur in any of the locations shown. Interstitial
Entry Mechanisms of Viruses Entry Mechanisms of Viruses
A spark plug thread chaser is a low-cost tool that hopefully will not be used often, but is ... A spark plug thread chaser is a low-cost tool that hopefully will not be used often, but is ...
The Oil Industry: BOEM iron triangle The Oil Industry: BOEM iron triangle
Video: Hydrogen bonds vs. Ionic bond

For a complete list of videos, visit our video library