in long run, pure monoplies may or mat not earn economic profits?
Homework Answers
It can be mentioned that in the long run pure monopolies, might indeed get to an economic profits and this is because of the fact that they would still get to have the ownership of the resource and they would experience the power of pricing the product above the marginal cost which would then become the optimal price as a result of which the profit levels increase and the further expand their business in such a way that it would cater the demand all in all and this can make them on economic profits because the average total cost will be still less than the price
QUESTION 7 Monopolistic competitive firms in the long run earn: positive economic profits. zero pure economic...
QUESTION 7 Monopolistic competitive firms in the long run earn: positive economic profits. zero pure economic profits. negative economic profits. Positive, zero, or negative economic profits. QUESTION 8 Which of the following statements best describes firms under monopolistic competition? Profits will be positive in the long run. Price always equals average variable cost. In the long run, positive economic profit will be eliminated. Marginal revenue equals minimum average total cost in the short run. QUESTION 9 Which of the following...
Question 10 1.5 pts Monopolistic competitive firms in the long run earn: positive economic profits. e...
Question 10 1.5 pts Monopolistic competitive firms in the long run earn: positive economic profits. e zero pure economic profits. negative economic profits. none of these.
In the short run, firms may earn profits or losses, but in the long run profits...
In the short run, firms may earn profits or losses, but in the long run profits are _________
Which market structure can earn long-run economic profits? a. Perfect competition b. Monopolistic competition c. Oligopoly...
Which market structure can earn long-run economic profits? a. Perfect competition b. Monopolistic competition c. Oligopoly d. Monopoly e. c and d only All firms produce where a. marginal benefits are greater than marginal profits b. short-run profits are less than long-run profits c. marginal revenues are greater than or equal to marginal costs d. average total costs are greater than marginal costs A perfect competitor is a __________ and can earn economic profits ____________. a. price maker, in both...
MULTIPLE CHOICE A monopolistically competitive firm: a.Can expect to earn zero economic profits in the long-run....
MULTIPLE CHOICE A monopolistically competitive firm: a.Can expect to earn zero economic profits in the long-run. b.Has the power to set its own price. c.Produces a product that is different from that of its competitors. d.All of the above are features of monopolistic competition. Please explain. Thank you!
Some monopolistic competitive firms earn positive economic profits in the long run because O a. each...
Some monopolistic competitive firms earn positive economic profits in the long run because O a. each firm produces and sells a homogeneous product. O b. they have successfully differentiated their products from their competitors' products. O c. there is easy entry and exit. O d. there are high barriers to entry in monopolistic competition.
which markets enjoy economic profits in the long run
which markets enjoy economic profits in the long run
Question 28 Perfect Competition may economic profits and may economic loses in the short run. have,...
Question 28 Perfect Competition may economic profits and may economic loses in the short run. have, not have not have, not have not have, have have, have M
If firms are making positive economic profits in the short run, then in the long run:...
If firms are making positive economic profits in the short run, then in the long run: A. firms will leave the industry B. industry output will rise and the price will rise. C. the short-run industry supply curve will shift leftward D. new firms will enter the industry
In the long run, a typical firm in pure competition would expect to make: O A....
In the long run, a typical firm in pure competition would expect to make: O A. economic profits O B. normal profits O C. excess profits O D. none of the above
Question 10 1.5 pts Monopolistic competitive firms in the long run earn: positive economic profits. e zero pure economic profits. negative economic profits. none of these.
Some monopolistic competitive firms earn positive economic profits in the long run because O a. each firm produces and sells a homogeneous product. O b. they have successfully differentiated their products from their competitors' products. O c. there is easy entry and exit. O d. there are high barriers to entry in monopolistic competition.
Question 28 Perfect Competition may economic profits and may economic loses in the short run. have, not have not have, not have not have, have have, have M
If firms are making positive economic profits in the short run, then in the long run: A. firms will leave the industry B. industry output will rise and the price will rise. C. the short-run industry supply curve will shift leftward D. new firms will enter the industry
In the long run, a typical firm in pure competition would expect to make: O A. economic profits O B. normal profits O C. excess profits O D. none of the above
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