Author Question: In the long-run, a perfectly competitive firm will achieve a. An average rate of return b. Above ... (Read 22 times)

BrownTown3

  • Hero Member
  • *****
  • Posts: 564
In the long-run, a perfectly competitive firm will achieve
 a. An average rate of return
  b. Above average profits
 c. Losses
 d. Economic Profits

Question 2

An English auction is
 a. A sealed auction
 b. An oral auction
 c. An auction where bidders submit decreasing bids
  d. All of the above



aloop

  • Sr. Member
  • ****
  • Posts: 315
Answer to Question 1

a

Answer to Question 2

b



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Did you know?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

Did you know?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Did you know?

Oxytocin is recommended only for pregnancies that have a medical reason for inducing labor (such as eclampsia) and is not recommended for elective procedures or for making the birthing process more convenient.

For a complete list of videos, visit our video library