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Author Question: The price-taking competitive equilibrium of a large number of identical firms implies that (Read 83 times)

kellyjaisingh

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on: May 25, 2020

Question 1

A firm that is making normal profit in the long run will have the incentive to
◦ remain in production.
◦ shut down.
◦ produce a different product.
◦ expand output.

Question 2

The price-taking competitive equilibrium of a large number of identical firms implies that
◦ the net revenue of each firm is zero.
◦ no firm can earn more from its assets by investing them elsewhere.
◦ no firm earns supernormal profits in the long run.
◦ B and C
Essential Economics for Business ¦ Sloman, Jones ¦ 5th Edition
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Marked as best answer by kellyjaisingh on May 25, 2020

jaymee143

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Reply #1 on: May 25, 2020
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.
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kellyjaisingh

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Reply 2 on: May 25, 2020
Great answer, keep it coming :)

FergA

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Reply 3 on: Yesterday
Excellent

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