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Author Question: A firm will only earn normal profit in the long run a. if firms can freely enter or leave the ... (Read 68 times)

Frost2351

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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.


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Brummell1998

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Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

C


Frost2351

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

bigcheese9

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Reply 3 on: Yesterday
Excellent

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