In the short run-monopolistically competitive firm

Assignment Help Business Economics
Reference no: EM13832847

In the short run, a monopolistically competitive firm is

a. guaranteed to earn zero economic profit

b. guaranteed to earn economic profit

c. guaranteed to earn an economic loss

d. guaranteed to earn either zero or positive economic profit

e. not guaranteed any level of economic profit

Reference no: EM13832847

Questions Cloud

Calculate the change in the level of real gdp demanded : (Changes in Government Purchases) Assume that government purchases decrease by $ 10 billion, with other factors held constant, including the price level. Calculate the change in the level of real GDP demanded for each of the following values of the M..
Firms in perfect competition will leave the industry : Firms in perfect competition will leave the industry if they
True of monopoly and not of perfect competition : Which of following is true of monopoly and not of perfect competition?
Profit-maximizing monopolist produces an output level : A profit-maximizing monopolist produces an output level at which
In the short run-monopolistically competitive firm : In the short run, a monopolistically competitive firm is
Monopolistically competitive firms : Monopolistically competitive firms
The concepts of optimism and hopefulness : Compare and contrast the concepts of optimism and hopefulness. Under what circumstances might optimism be harmful? What is defensive pessimism and under what circumstances might this be beneficial?
The defining characteristic of oligopoly is that each firm : The defining characteristic of oligopoly is that each firm
Change in the level of real gdp demanded : Determine whether each of the following, other factors held constant, would lead to an increase, a decrease, or no change in the level of real GDP demanded:

Reviews

Write a Review

Business Economics Questions & Answers

  What was unemployment rate-labor force participation rate

(All numbers in the thousands) In May 2015, the civilian non-institutional population was 250,455. The number of employed workers was 148,795. The number of unemployed workers was 8,674. The number not in the labor force is 92,986. What was the unemp..

  If a firm adopts a production process

If a firm adopts a production process that is costly in order to reduce pollution, the results

  Illustrate what price would be set for the meal deal

If LFC sells chicken and biscuits as a meal deal, illustrate what price would be set for the meal deal which includes both an order of chicken and an order of biscuits.

  Global production-outsourcing and logistics

Read the opening case on Boeing 787s, and research for the updated information on the Boeing 787s. Identify the pros and cons of assembling a plane with many different parts and manufacturers as Boeing did with the 787. Assess whether Boeing’s approa..

  Supply labor in elastically

Given a production Yt=(Abar)Kt^(1/3)Lt^(2/3) and K*=1000 and Abar=3/2. and also there are Lbar=1000 workers who supply labor in elastically. What does the long run model say wage in this economy is?

  Firms analysts estimated the quantity of fresh salmon

A major producer of consumer goods set out to forecast the price of fresh salmon three years ahead. Such a forecast was needed in deciding whether the firm should enter the business of supplying salmon. The firm's analysts estimated the quantity of f..

  Merit goods have received considerable attention

Merit goods have received considerable attention. Can concerts and other publicly provided services be rationalized using these ideas.

  Aggregate demand curve and an individual demand curve

The primary difference between the aggregate demand curve and an individual demand curve is that:

  Prime products manufactures specialized goods

Prime Products manufactures specialized goods to customers' specifications and operates a job-order costing system.

  Is this firm in a short-run or long-run equilibrium

What amount of profit is the firm earning? Is this firm in a short-run or long-run equilibrium? Explain

  Calculate the deadweight loss associated with externality

The private marginal benefit associated with a product's consumption is PMB=360-4Q and the private marginal cost associated with its production is PMC=6Q. Furthermore, the marginal external damage associated with this good's productions is MD=20. Cal..

  The annual income from an apartment complex

The annual income from an apartment complex is $20,836. The annual expense is estimated to be $2,463. The apartment complex could be sold for $144,351 at the end of 10 years. If your MARR is 10%, how much should you pay for the apartment complex if y..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd