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

Author Question: Market power is illegal. A) True, no one is allowed to charge a price greater than marginal cost. ... (Read 54 times)

faduma

  • Hero Member
  • *****
  • Posts: 528
on: Jul 1, 2018
Market power is illegal.
 
  A) True, no one is allowed to charge a price greater than marginal cost.
  B) False, firms can freely choose their prices.
  C) True, no one is allowed to charge a price greater than average cost.
  D) False, because market power guarantees price equal to average cost.

Question 2

If a firm traded on the New York Stock Exchange posts an accounting profit of 10 million, then the firm is making a positive economic profit
 
  A) only if the Securities and Exchange Commission (SEC) approves the accounting report.
  B) only if the firm's opportunity cost is less than 10 million.
  C) only if the firm's opportunity benefit is more than 10 million.
  D) only if the firm's management receives stock compensation.
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

EAN94

  • Sr. Member
  • ****
  • Posts: 307
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.
Answer Preview
Only 64% of students answer this correctly


faduma

  • Member
  • Posts: 528
Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

jackie

  • Member
  • Posts: 324
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

Did you know?

Astigmatism is the most common vision problem. It may accompany nearsightedness or farsightedness. It is usually caused by an irregularly shaped cornea, but sometimes it is the result of an irregularly shaped lens. Either type can be corrected by eyeglasses, contact lenses, or refractive surgery.

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

The Increasing Cost of Health Care, 1960–2010 The Increasing Cost of Health Care, 1960–2010
A greater number of men than women hold full-time jobs, but the gap is closing because of an ... A greater number of men than women hold full-time jobs, but the gap is closing because of an ...
Main Hall, Trajan's Market Main Hall, Trajan's Market
The impact of climate change is greater in some areas than in others The impact of climate change is greater in some areas than in others
The Power of Classical Conditioning The Power of Classical Conditioning
The xy plane is painted with a uniform surface charge density which is equal to 40 nC/m2 . ... The xy plane is painted with a uniform surface charge density which is equal to 40 nC/m2 . ...
Video: Secretin (inhibiting gastric acid secretion), Cholecystokinin (fat digestion) & Cholecystokinin

For a complete list of videos, visit our video library