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

Author Question: If a firm in the long run produces less than its efficient scale, it (Read 48 times)

jho37

  • Hero Member
  • *****
  • Posts: 531
on: May 24, 2019
If a firm in the long run produces less than its efficient scale, it
◦ should raise its markup to increase its profit.
◦ should lower its markup to increase its profit.
◦ cannot be a perfectly competitive firm.
◦ should not advertise to increase its profit.
◦ must have its markup equal to zero.
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 jho37 on May 24, 2019

swimkari

  • Sr. Member
  • ****
  • Posts: 332
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


jho37

  • Hero Member
  • *****
  • Posts: 531
Reply #2 on: May 24, 2019
Excellent


swimkari

  • Sr. Member
  • ****
  • Posts: 332
Reply #3 on: May 24, 2019
Great! Please up vote :D


« previous next »
 

Did you know?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

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?

The most common treatment options for addiction include psychotherapy, support groups, and individual counseling.

Mixing bacterial genotypes produces rare recombinants Mixing bacterial genotypes produces rare recombinants
Models of some representative proteins drawn to a common scale Models of some representative proteins drawn to a common scale
Patients unable to stand may be weighed using a chair scale. Patients unable to stand may be weighed using a chair scale.
Efficient Allocation of Labor between Sectors Efficient Allocation of Labor between Sectors
A wave whose wavelength is 0.500 m is traveling down a 500-m long wire whose total mass is 25 ... A wave whose wavelength is 0.500 m is traveling down a 500-m long wire whose total mass is 25 ...
Video: Glomerular filtrate rate: pressures that affect GFR, NFP & GFR and blood composition

For a complete list of videos, visit our video library