« previous next »

Author Question: Which of the following characterizes long-run equilibrium in perfect competition? A) P = MC = ATC ... (Read 90 times)

michelleunicorn

  • Hero Member
  • *****
  • Posts: 565
on: Jul 1, 2018
Which of the following characterizes long-run equilibrium in perfect competition?
 
  A) P = MC = ATC
  B) P = MC < ATC
  C) P > MC = ATC
  D) P = MC > ATC

Question 2

Firms are ________ with an economic profit of zero, they will ________ in the industry since they ________ be better off in another industry.
 
  A) satisfied; stay; won't
  B) unsatisfied; leave; will
  C) satisfied; leave; will
  D) unsatisfied; stay; won't
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


triiciiaa

  • Sr. Member
  • ****
  • Posts: 349
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

michelleunicorn

  • Hero Member
  • *****
  • Posts: 565
Reply #2 on: Jul 1, 2018
Correct answers!


triiciiaa

  • Sr. Member
  • ****
  • Posts: 349
Reply #3 on: Jul 1, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

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.

Did you know?

Medication errors are three times higher among children and infants than with adults.

Did you know?

The training of an anesthesiologist typically requires four years of college, 4 years of medical school, 1 year of internship, and 3 years of residency.

Bururi long-fingered frog (Cardioglossa cyaneospila) Bururi long-fingered frog (Cardioglossa cyaneospila)
Features found in a long bone. Features found in a long bone.
Associative Long-Term Potentiation Associative Long-Term Potentiation
Clear the thigh with long strokes. Start superior to the patella; place your full flat hand and ... Clear the thigh with long strokes. Start superior to the patella; place your full flat hand and ...
Perform the indicated division (long division polynomials) Perform the indicated division (long division polynomials)
Application of the Hardy–Weinberg equilibrium Application of the Hardy–Weinberg equilibrium
Video: Deglutition

For a complete list of videos, visit our video library