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Author Question: Which of the following market structures is (are) capable of earning positive economic profits in ... (Read 87 times)

tth

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on: Jul 1, 2018
Which of the following market structures is (are) capable of earning positive economic profits in the long run?
 
  A) monopoly
  B) oligopoly
  C) monopolistic competition
  D) Both A and B.

Question 2

Assume a firm is a monopoly and enjoys 10,000,000 profits per year. The firm lobbies to have a moratorium passed by Congress on new firms in its market for the next 25 years. If there is no discount rate, how much would any firm(s) arguing against the moratorium be willing to spend to block it?
 
  A) something less than 250 million
  B) 250 million
  C) 251 million
  D) 250 billion
Microeconomics ¦ Perloff ¦ 8th Edition
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JYan

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Reply #1 on: Jul 1, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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tth

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Reply #2 on: Jul 1, 2018
Correct answers!


JYan

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Reply #3 on: Jul 1, 2018
Great! Please up vote :D


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