External firms enter the industry

When most firms in a monopolistically competitive industry currently realize economic profits: (w) a natural monopoly will eventually emerge. (x) external firms will enter the industry. (y) long run accounting profits must be zero. (z) each firm’s marginal revenue exceeds its marginal cost.

Please choose the right answer from above...I want your suggestion for the same.

View Complete Question

Related Questions in Microeconomics

Q : Minimum Wage Laws-Unemployment Rises in

Rises in the legal minimum wage rate have not been answerable for rising: (i) Unemployment among the teenagers. (ii) Racial discrimination in the employment. (iii) Unemployment between skilled workers who have lost their jobs since of competition from the cheaper impo

Q : Income floor by marginal tax rate A

A marginal tax rate of 75 percent and an income floor of ____ give in a break-even level of income of $8,000. (w) $2,000. (x) $4,000. (y) $6,000. (z) $16,000. Hello guys I want you

Q : Problem on utility-maximizing bundle

Jane consumes only apples and chocolate. She is always willing to trade 1piece of chocolate for exactly 3 apples. Her income is $200. She can buy apples for $1 each and chocolate for $2 per piece.a. To Jane, apples and chocolate are (circle 1):

Q : Determine profit maximizing price The

The profit-maximizing price for copyrighted smash-hit St. Valentine’s Day software of Prohibition Corporation is: (i) $12 per copy. (ii) $20 per copy. (iii) $24 per copy. (iv) $32 per copy. (v) $40 per copy. <

Q : Minimum Wage Laws-unskilled workers I

I have a problem in economics on Minimum Wage Laws-unskilled workers. Please help me in the following question. The Minimum wage legislation is unlikely to help: (i) Skilled workers who compete by unskilled workers. (ii) Unskilled workers who don&rsqu

Q : Economic of short-run shuts down firm

When a firm shuts down within the short run, in that case it’s economic: (w) profit is zero. (x) resources have zero opportunity cost. (y) loss equals its fixed cost. (z) value to shareholders rises. Please guys help to solve

Q : Price elasticity inconsistent with

Of the given price elasticities for market supply curves or market demand curves, and the one which is absolutely inconsistent along with standard economic theory would be one for that, across feasible ranges of prices as: (i) supply

Q : Determine profit per unit of output

Price minus average total cost i.e., P - ATC equals: (w) total profit. (x) marginal cost. (y) marginal revenue. (z) profit per unit of output. Please choose the right answer from above...I want you

Q : Neoclassical and heterodox One of my

One of my friends can't succeed to get the answer of this question. Provide answer of this question. Economists of neoclassical argue that goods contain just subjective (or personal) use-value dimension; heterodox economists argue that goods contain use-value and soci

Q : Wage Differentials-occupational crowding

The Disadvantaged groups have historically been pressured in the direction of low wage jobs in a process termed as: (i) Occupational crowding. (ii) Labor staggering. (iii) Systemic discrimination. (iv) Reverse favoritism. (v) Nepotism.

Discover Q & A

Leading Solution Library

Avail More Than 1423139 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1928611
Asked

3,689

Active Tutors

1423139

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment