This topic contains a solution. Click here to go to the answer

Author Question: When firms earn above normal rates of return (Read 113 times)

altibaby

  • Hero Member
  • *****
  • Posts: 562

Question 1

When firms earn below normal rates of return


◦ they raise their prices to increase their profits.
◦ they tend to stay in the industry in anticipation of other firms leaving the industry.
◦ they tend to leave the industry and seek profits elsewhere.
◦ they are still breaking even economically.

Question 2

When firms earn above normal rates of return


◦ they are able to raise their prices to increase their profits.
◦ they are earning positive profits and new firms are likely to enter the industry.
◦ they tend to leave the industry and seek profits elsewhere.
◦ they are still breaking even economically.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by altibaby on Apr 19, 2019

alvinum

  • Sr. Member
  • ****
  • Posts: 317
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 39% of students answer this correctly




altibaby

  • Member
  • Posts: 562
Reply 2 on: Apr 19, 2019
YES! Correct, THANKS for helping me on my review


Missbam101

  • Member
  • Posts: 341
Reply 3 on: Yesterday
Excellent

 

Did you know?

Symptoms of kidney problems include a loss of appetite, back pain (which may be sudden and intense), chills, abdominal pain, fluid retention, nausea, the urge to urinate, vomiting, and fever.

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

Did you know?

Intradermal injections are somewhat difficult to correctly administer because the skin layers are so thin that it is easy to accidentally punch through to the deeper subcutaneous layer.

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

For a complete list of videos, visit our video library