« previous next »

Author Question: In the long-run equilibrium in perfect competition, consumer surplus is A) positive. B) ... (Read 66 times)

Melani1276

  • Hero Member
  • *****
  • Posts: 516
on: Jul 1, 2018
In the long-run equilibrium in perfect competition, consumer surplus is
 
  A) positive.
  B) negative.
  C) zero.
  D) less than producer surplus.

Question 2

What is one reason it might be difficult to dissuade people from pirating music off the Internet?
 
  A) Consumer surplus is very high when music is pirated.
  B) In general, consumers get a rush from stealing.
  C) Consumers mistakenly believe that the Internet is public domain.
  D) Producer surplus is very low when music is pirated.
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


jsm54321

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

Did you know?

Chronic marijuana use can damage the white blood cells and reduce the immune system's ability to respond to disease by as much as 40%. Without a strong immune system, the body is vulnerable to all kinds of degenerative and infectious diseases.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

Local/long distance cell Signaling Local/long distance cell Signaling
How long does it take you to see the circles? How long does it take you to see the circles?
Cut view of long bone. Cut view of long bone.
Control of Homeostasis: Positive Feedback Control of Homeostasis: Positive Feedback
Long-term relationships, especially those who are married, having a child Long-term relationships, especially those who are married, having a child
Lastlings - Perfect World (Official Music Video) Lastlings - Perfect World (Official Music Video)
Video: Hormonal regulation of blood pressure - RAA system

For a complete list of videos, visit our video library