« previous next »

Author Question: In the long run in perfect competition, no firm can earn a normal profit. a. True b. ... (Read 97 times)

Mollykgkg

  • Hero Member
  • *****
  • Posts: 529
on: Jun 30, 2018
In the long run in perfect competition, no firm can earn a normal profit.
 a. True
  b. False

Question 2

Rent-seeking activities are socially wasteful because they use scarce resources but do not add to society's output.
 a. True
  b. False


memslove

  • Sr. Member
  • ****
  • Posts: 321
Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The most common treatment options for addiction include psychotherapy, support groups, and individual counseling.

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?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Deviation of Normal Posture Deviation of Normal Posture
A normal pregnancy. A normal pregnancy.
Ranges of normal temperature values Ranges of normal temperature values
Blood vessels: (A) normal artery; (B) constriction; (C) arteriosclerosis and atherosclerosis. Blood vessels: (A) normal artery; (B) constriction; (C) arteriosclerosis and atherosclerosis.
Cancerous cells versus normal cells Cancerous cells versus normal cells
The traditional human karyotypes derived from a normal female and a normal male The traditional human karyotypes derived from a normal female and a normal male
Video: Glucose Evaluation Procedure

For a complete list of videos, visit our video library