Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 08, 2024

Question 4 1 pts If firms in a competitive industry are making economic profits zero, then there q , an incentive for firms to the

Question

4

1

pts

If firms in a competitive industry are making economic profits

zero, then there

q,

an incentive for firms to the industry.

less than; is; enter

less than; is not; exit

greater than; is; enter

equal to; is; exit

greater than; is not; enter

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Analysis Of Economic Data

Authors: Gary Koop

3rd Edition

0470713895, 9780470713891

More Books

Students also viewed these Economics questions

Question

★★★★★

In some periods, Brazil's inflation rate was very high. Explain why this places pressure on the Brazilian currency (called the Brazilian real).

Answered: 1 week ago

Question

★★★★★

10. Is it easier or more difficult to get new-venture financ- ing today? Why?

Answered: 1 week ago

Question

★★★★★

List several simple ways in which Ginny Harding can quickly stop the boys from misbehaving.

Answered: 1 week ago

Question

★★★★★

Professor Stone complains that student teacher ratings depend on the grade the student receives. In other words, according to Professor Stone, a teacher who gives good grades gets good ratings, and a...

Answered: 1 week ago

Question

★★★★★

Kindly 4. Compare and contrast e-commerce and e-business (4 marks) 5. Explain the technologies behind e-commerce (10 marks) 6. Outline any five payment systems usable in e-commerce (10 marks) 7. How...

Answered: 1 week ago

Question

★★★★★

The figure below shows the national market for mopeds in a small country. Da and Sa are the domestic demand and supply curves of mopeds, respectively. Initially, the country's government has a tariff...

Answered: 1 week ago

Question

★★★★★

Ayayai Company prepares its statement of cash flows using the direct method for operating activities. For the year ended December 31, 2024, Ayayai Company reports the following: Sales on account...

Answered: 1 week ago

Question

★★★★★

Navajo Company's year-end financial statements show the following. The company recently discovered that in making physical counts of inventory, it had made the following errors: Year 1 ending...

Answered: 1 week ago

Question

★★★★★

Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement for a recent month for the two games appears below: Claimjumper Makeover $ 96,000 $ 48,000...

Answered: 1 week ago

Question

★★★★★

Franks Hot Dogs is a customer of your company and purchases hot dog buns from you. They have multiple restaurant locations that they want you to deliver the hot dog buns to, but they want all of the...

Answered: 1 week ago

Question

★★★★★

Outback Outfitters sells recreational equipment. One of the company's products, a small camp stove, sells for $130 per unit. Variable expenses are $91 per stove, and fixed expenses associated with...

Answered: 1 week ago

Question

★★★★★

3. What management, organization, and technology issues should be addressed in deciding whether to use a conventional CRM system versus a cloud-based version? Salesforce.com is the most successful...

Answered: 1 week ago

Question

★★★★★

9-8 Mercedes-Benz Retail Group UK Ltd, with a network of 18 retail sites, nine used car sites, and seven smart centers across London, Birmingham and Manchester, wanted to learn more about its...

Answered: 1 week ago

Question

★★★★★

8-18 Describe four reasons why mobile devices used in business are difficult to secure.

Answered: 1 week ago

Previous Question Next Question