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

Author Question: A firm will only earn normal profit in the long run a. if firms can freely enter or leave the ... (Read 84 times)

Frost2351

  • Hero Member
  • *****
  • Posts: 557
on: Jun 30, 2018
A firm will only earn normal profit in the long run
 a. if firms can freely enter or leave the market
  b. if firms do not try to maximize profit
  c. only if the industry is perfectly competitive
  d. whenever products are not differentiated
  e. if barriers to entry exist

Question 2

Why might two presidential candidates appear to have very similar opinions during an election year even if they come from different parties?
 a. They aim to please special-interest groups.
  b. They are logrolling.
  c. They try to appeal to the median voter.
  d. Republicans and Democrats usually agree on most issues.
  e. They don't wish to appear rationally ignorant.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Brummell1998

  • Sr. Member
  • ****
  • Posts: 324
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

C


Frost2351

  • Member
  • Posts: 557
Reply 2 on: Jun 30, 2018
Excellent

bulacsom

  • Member
  • Posts: 329
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

Did you know?

The top 10 most important tips that will help you grow old gracefully include (1) quit smoking, (2) keep your weight down, (3) take supplements, (4) skip a meal each day or fast 1 day per week, (5) get a pet, (6) get medical help for chronic pain, (7) walk regularly, (8) reduce arguments, (9) put live plants in your living space, and (10) do some weight training.

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

Did you know?

Intradermal injections are somewhat difficult to correctly administer because the skin layers are so thin that it is easy to accidentally punch through to the deeper subcutaneous layer.

Did you know?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

Consequences of normal and inadequate iodine in the diet. Consequences of normal and inadequate iodine in the diet.
Refraction; A, normal eye; B, myopia; C, hyperopia. Refraction; A, normal eye; B, myopia; C, hyperopia.
Role of PKM-zeta in Long-Lasting Long-Term Potentiation Role of PKM-zeta in Long-Lasting Long-Term Potentiation
A long, narrow cobbled street in Old San Juan. A long, narrow cobbled street in Old San Juan.
The normal and constricted airway. The normal and constricted airway.
Normal and enlarged tonsils. Normal and enlarged tonsils.
Video: Primary Active Transport - electrochemical gradient and ion transport / water movement

For a complete list of videos, visit our video library