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

Author Question: If perfectly competitive firms are entering or exiting a market, it must be true that the market (Read 49 times)

joesmith1212

  • Hero Member
  • *****
  • Posts: 549
on: May 24, 2019
If perfectly competitive firms are entering or exiting a market, it must be true that the market
◦ is in the short run.
◦ is in the long run.
◦ is in the short run only if the firms' economic profits equal $0.
◦ is in the long run only if the firms' economic profits are positive.
◦ is in a long-run equilibrium because average variable costs are no longer relevant.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by joesmith1212 on May 24, 2019

Kaytorgator

  • Sr. Member
  • ****
  • Posts: 345
Reply #1 on: May 24, 2019
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 56% of students answer this correctly


joesmith1212

  • Member
  • Posts: 549
Reply 2 on: May 24, 2019
Gracias!

Alyson.hiatt@yahoo.com

  • Member
  • Posts: 354
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Eating carrots will improve your eyesight. Carrots are high in vitamin A (retinol), which is essential for good vision. It can also be found in milk, cheese, egg yolks, and liver.

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

Did you know?

About 600,000 particles of skin are shed every hour by each human. If you live to age 70 years, you have shed 105 pounds of dead skin.

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

competitive inhibition competitive inhibition
Firms Incorporated into U.S. Steel Firms Incorporated into U.S. Steel
Competitive drug enzyme immunoassay. Competitive drug enzyme immunoassay.
Reconstruction Drawing of Trajan's Market Reconstruction Drawing of Trajan's Market
Project Management: Achieving Competitive Advantage Project Management: Achieving Competitive Advantage
Video: What are the Parts of a Plant Cell?

For a complete list of videos, visit our video library