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

Author Question: If a firm doesn't make an economic profit it will shut down. Indicate whether the statement is ... (Read 68 times)

chads108

  • Hero Member
  • *****
  • Posts: 507
on: Jul 1, 2018
If a firm doesn't make an economic profit it will shut down.
 
  Indicate whether the statement is true or false

Question 2

If a Cournot duopolist announced that it will double its output,
 
  A) it becomes the leader.
  B) the other firm does not view the announcement as credible.
  C) the other firm will shut down.
  D) the other firm will double output also.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Sarahjh

  • Sr. Member
  • ****
  • Posts: 370
Reply #1 on: Jul 1, 2018
Answer to Question 1

False. The firm compares its losses from operating with its losses when shutting down and will shut down if the latter loss is less.

Answer to Question 2

B


chads108

  • Member
  • Posts: 507
Reply 2 on: Jul 1, 2018
Gracias!

komodo7

  • Member
  • Posts: 322
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Immunoglobulin injections may give short-term protection against, or reduce severity of certain diseases. They help people who have an inherited problem making their own antibodies, or those who are having certain types of cancer treatments.

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Did you know?

More than 150,000 Americans killed by cardiovascular disease are younger than the age of 65 years.

Did you know?

The average adult has about 21 square feet of skin.

Did you know?

The first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

Each cell nucleus throughout the body contains the genes, DNA, and chromosomes that make up the ... Each cell nucleus throughout the body contains the genes, DNA, and chromosomes that make up the ...
Economic and Social Development Economic and Social Development
A Comparison of Economic Systems A Comparison of Economic Systems
To make a 3.00 m solution, one could take 3.00 moles of solute and add To make a 3.00 m solution, one could take 3.00 moles of solute and add
economic question economic question
economic question economic question
Video: Febrile Seizure

For a complete list of videos, visit our video library