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

Author Question: The price-taking competitive equilibrium of a large number of identical firms implies that (Read 66 times)

kellyjaisingh

  • Hero Member
  • *****
  • Posts: 540
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
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by kellyjaisingh on May 25, 2020

jaymee143

  • Sr. Member
  • ****
  • Posts: 341
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.
Answer Preview
Only 29% of students answer this correctly


kellyjaisingh

  • Member
  • Posts: 540
Reply 2 on: May 25, 2020
:D TYSM

shewald78

  • Member
  • Posts: 340
Reply 3 on: Yesterday
Excellent

« 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?

More than 34,000 trademarked medication names and more than 10,000 generic medication names are in use in the United States.

Did you know?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

Did you know?

The eye muscles are the most active muscles in the whole body. The external muscles that move the eyes are the strongest muscles in the human body for the job they have to do. They are 100 times more powerful than they need to be.

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

Southern Royal Albatross, Diomedea epomophora, is a large seabird from the albatross family. Southern Royal Albatross, Diomedea epomophora, is a large seabird from the albatross family.
Male lying supine with large ecchymosis on lateral rib cage and shoulder. Male lying supine with large ecchymosis on lateral rib cage and shoulder.
Gingival enlargement in a patient taking nifedipine. Gingival enlargement in a patient taking nifedipine.
People with normal color vision see the number 29 in the chart; however, those who are color-blind c People with normal color vision see the number 29 in the chart; however, those who are color-blind c
Venn diagram representation of 17,067 medium and large clusters of protein Venn diagram representation of 17,067 medium and large clusters of protein
Sadie is going to see a movie and is taking her four kids. each movie ticket costs $15 and ... Sadie is going to see a movie and is taking her four kids. each movie ticket costs $15 and ...
Video: Introduction to Cystic Fibrosis

For a complete list of videos, visit our video library