4. In which market structures do firms receive just a normal profit in the long run? &a....

Question:

4. In which market structures do firms receive just a normal profit in the long run?

&a. monopoly and perfect competition

&b.monopolistic competition and perfect competition

&c. monopoly and monopolistic competition

&d.monopoly and oligopoly

&e. monopolistic competition and oligopoly

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Fundamentals Of Economics

ISBN: 9781133956105,9781285531847

6th Edition

Authors: William Boyes, Michael Melvin

See More Books

Question Posted: Nov 12, 2024 09:00 AM

See More Questions

HI PLEASE ANSWER ALL 1. Assume the market for apples is initially in equilibrium. Which of the following will result in a higher equilibrium price of apples? a. An increase in both the demand for and...
You want to launch a business internationally, and you need to choose 3 countries1 in the Middle East, 1 in Asia, and 1 in Latin America. What are some of the components of these cultures that you...
a. Give an algorithm to find the minimum number of edges that need to be removed from an undirected graph so that the resulting graph is acyclic. b. Show that this problem is NP-complete for directed...
(a) If a rod of 1025 steel 0.5 m (19.7 in.) long is heated from 20 to 80C (68 to 176F) while its ends are maintained rigid, determine the type and magnitude of stress that develops. Assume that at...
4. In which market structures do firms receive just a normal profit in the long run? &a. monopoly and perfect competition &b.monopolistic competition and perfect competition &c. monopoly and...
Jacob Boards produces two kinds of skateboards. Selected unit data for the two boards for the last quarter follow. Jacob allocates production overhead using activity-based costing. It allocates...
An employer is vicarlously liable for any tor committed by an employce during working hours any tort committed by an employee while employed by him any criminal offence committed by an employee in...
3. When the owner of a firm is getting zero economic profit, &a. the owner should exit that market in the short run. &b.the owner should exit that market in the long run. &c. the owner cannot make...
5. What is the most important determinant of whether or not firms receive economic profits in the long run? &a. howeasy it is for new firms to enter the market &b.the size of the firms in a market...
Jefferson Animal Rescue is a private not-for-profit clinic and shelter for abandoned domesticated animals, chiefly dogs and cats. At the end of 2016, the organization had the following account...
According to the Wesleyan Media Project, the number of commercial political ads in circulation has gone from 3,000 or 4,000 ten years ago, to how approximately how many today? Group of answer choices...
Lita Lopez started Biz Consulting, a new business, and completed the following transactions during its first year of operations. a. Lita Lopez invested $70,000 cash and office equipment valued at...
7-16 Minimight Company has never paid a dividend, and there are no plans to pay dividends during the next three years. But, in four yearsthat is, at the end of Year 4the company expects to start...
The firm maintains a number of engagement controls during the nominations, balloting, tabulations and envelope hand off processes. Explain which control(s), if any, were deficient in design or in...
Delph Company uses a job - order costing system with a plantwide predetermined overhead rate based on machine - hours. At the beginning of the year, the company estimated that 5 7 , 0 0 0 machine -...
A 25.0- bulb is connected across the terminals of a 12.0-V battery having 3.50 of internal resistance. What percentage of the power of the battery is dissipated across the internal resistance and...
This problem continues the Draper Consulting, Inc., situation from Problem 12-45 of Chapter 12. In October, Draper has the following transactions related to its common shares: Oct 1 Draper...

4. In which market structures do firms receive just a normal profit in the long run? &a....

Question:

Step by Step Answer:

Fundamentals Of Economics

Students also viewed these Business questions