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

Author Question: Unlike perfectly competitive firms, monopolists can a. earn positive short-run economic profit even ... (Read 102 times)

fnuegbu

  • Hero Member
  • *****
  • Posts: 539
on: Jun 30, 2018
Unlike perfectly competitive firms, monopolists can
 a. earn positive short-run economic profit even if price is less than average variable cost at all rates of output
  b. sell any quantity of output at any price they choose
  c. earn long-run economic profits
  d. reduce the sales of other firms in the industry through advertising
  e. face a perfectly elastic demand curve

Question 2

The first federal antitrust law enacted in the United States was:
 a. The Clayton Act
  b. Thr Sherman Antitrust Act
  c. The Robinson Patman Act
  d. The Federal Trade Commission Act
  e. The Herfindahl-Hirschman Act


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

morrie123456

  • Sr. Member
  • ****
  • Posts: 314
Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

B


fnuegbu

  • Member
  • Posts: 539
Reply 2 on: Jun 30, 2018
Gracias!

triiciiaa

  • Member
  • Posts: 349
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

Symptoms of kidney problems include a loss of appetite, back pain (which may be sudden and intense), chills, abdominal pain, fluid retention, nausea, the urge to urinate, vomiting, and fever.

Did you know?

There are more bacteria in your mouth than there are people in the world.

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

Children with Down syndrome have a small head, short, thick neck, flattened face, and a distinctive ... Children with Down syndrome have a small head, short, thick neck, flattened face, and a distinctive ...
Negative and positive feedback loops Negative and positive feedback loops
Forest products and the economic value Forest products and the economic value
economic question economic question
economic question economic question
economic question economic question
Video: First Stage of Labor and Delivery Video

For a complete list of videos, visit our video library