Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 06, 2024

When free entry is one of the attributes of a market structure, economic profits in the long run a. are equal to implicit cost. b.

When free entry is one of the attributes of a market structure, economic profits in the long run a. are equal to implicit cost. b. are greater than implicit cost. c. are zero. d. depend on whether or not rms produce identical products

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

The Wisdom Of Crowds

Authors: James Surowiecki

1st Edition

0385721706, 9780385721707

More Books

Students also viewed these Economics questions

Question

★★★★★

The Finance in Practice box in Section 10.5 describes Korean Air's option to buy additional 737 airliners. Draw a decision tree showing the future choices faced by the airline.

Answered: 1 week ago

Question

★★★★★

Code your design from Exercise 9.3 in VHDL and exhaustively verify it with a testbench. Data in Exercise 9.3 Using an approach similar to the multiple-of-3 circuit of Section 9.1, design a...

Answered: 1 week ago

Question

★★★★★

Describe the three major subdivisions of the Malleus Maleficarum.

Answered: 1 week ago

Question

★★★★★

Results from First Corporations most recent year of operations is presented in the following table. Operating income.......................................... $ 7,560 Total...

Answered: 1 week ago

Question

★★★★★

! Required information [The following information applies to the questions displayed below.) Assume the perpetual inventory system is used. 1) Green Company purchased merchandise Inventory that cost...

Answered: 1 week ago

Question

★★★★★

Sunspot Beverages, Ltd., of Fiji uses the weighted-average method in its process costing system. It makes blended tropical fruit drinks in two stages. Fruit juices are extracted from fresh fruits and...

Answered: 1 week ago

Question

★★★★★

a). The following information was extracted from the stores ledger of Alpha Limited during the month of March 2022 Opening inventory 4000 units valued at shs. 160,000 Receipts March 5 5,000 units @...

Answered: 1 week ago

Question

★★★★★

What values can be held related to leadership and what informs them?

Answered: 1 week ago

Question

★★★★★

iid Estimating variance for normal data. Suppose that we observe data X1, ..., Xn N(0, v) we know the mean is 0, but we don't know the variance v. (We are writing variance = v, instead of , to make...

Answered: 1 week ago

Question

★★★★★

Four small spheres, each of which you can regard as a point of mass 0.200 kg, are arranged in a square 0.400 m on a side and connected by light rods a)Find the moment of inertia of the system about...

Answered: 1 week ago

Question

★★★★★

In the class, we leamt the capital recovery factor (CRF) that is given as i(1+i)n (1+i)n - 1 where i the interest rate and n is the number of annuities received. CRF 4a) (10pts) Given i, find the...

Answered: 1 week ago

Question

★★★★★

Discuss how to align a companys strategic direction with its human resource planning. page 199

Answered: 1 week ago

Question

★★★★★

List the major federal laws that require equal employment opportunity and the protections provided by each of these laws. page 114

Answered: 1 week ago

Question

★★★★★

Describe the different HRM issues and practices associated with various directional strategies. page 97

Answered: 1 week ago

Previous Question Next Question