--%>
Assignment Help - homework help

Characteristic firms of purely competitive industry

At market price P0, this purely competitive industry’s characteristic firms will earn: (i) positive economic profit. (ii) negative economic profit. (iii) zero economic profit. (iv) negative accounting profit. (v) important dividends for the stockholders.

742_purely competitive industry.png

I need a good answer on the topic of Economics problems. Please give me your suggestion for the same by using above options.

   Related Questions in Microeconomics

  • Q : Monopolistic Competition Monopolistic

    Monopolistic Competition: Monopolistic competition, as the name itself entails, is a blending of monopoly and competition. The monopolistic competition refers to the

    		•
  • Q : Consumers for Mortgage Funds Not in

    Not in between the total demands for loanable funds would be the demands of: (1) consumers for financial capital. (2) business firms for financial capital. (3) government for loanable funds to cover budget deficits. (4) consumers for mortgage funds. (

    		•
  • Q : Oligopoly and Economic Welfare Assume

    Assume that P = MSB and the firms in an oligopoly are in equilibrium where P>MC. This follows that: (1) P=MSC. (2) MSB>MSC. (3) MSB<MSC. (4) oligopolists will gain zero economic profit. (5) the minimum point on the LRATC curve will achieved i

    		•
  • Q : Problem regarding to intermediation for

    Ticket-scalpers allow latecomers to ignore standing into line for tickets and permit people to wait till the last moment before deciding to attend athletic or concerts events. Are promoters of an event harmed through scalping? Must ticket scalpers' services be free? S

    		•
  • Q : Competitive firm shuts down in short run

    A competitive firm shuts down within the short run when: (w) this suffers a loss. (x) normal profit = 0. (y) ATC > P. (z) the minimum AVC > P. Hello guys I want your advice. Please recommend some views for above Econo

    		•
  • Q : Function of money in economy State the

    State the main function of money in economy? Answer: The major function of money in an economic system is to ease the exchange of services and goods.

    		•
  • Q : Chance for arbitrage Normal 0 false

    Normal 0 false false

    		•
  • Q : Microeconomics Question #2 Consumer

    Question #2 Consumer Demand. How to answer questions from a-g iii. I belive the MRS is 2y/x for B. But not sure

    		•
  • Q : Market price below equilibrium price

    When the market price is beneath the equilibrium price then: (i) The market will clear. (ii) An excess exists. (iii) Consumers will not invest. (iv) The shortage exists. (v) Each and every consumer will be satisfied. Find out the r

    		•
  • Q : Minimum value of investment multiplier

    Minimum value of investment multiplier: Investment multiplier K=1/1-mpcWhen mpc = 0 then K=1/1-0 = 1 that is the minimum value of investment multiplier

    		•