Freedom of entry and exit, Typical firms in an industry can’t expect to produce economic

Freedom of entry and exit

Typical firms in an industry can’t expect to produce economic profit in the long run when the industry has: (1) decreasing costs of production as the number of firms in the industry changes. (2) market demand exceeding the minimum average variable cost of production. (3) no barriers that preclude entry and exit in the long run. (4) increasing returns to scale of production across all feasible levels of output. (5) high marginal costs relative to its fixed costs.

Hello guys I want your advice. Please recommend some views for above Economics problems.

View Complete Question

Related Questions in Microeconomics

Q : Accountability process by Handel

Elucidate what the following statement by handel means and give an argument to either support or oppose the contention. Things might be exist independently of our accounts, however they have no human existence until the

Q : Labor History-Blacklisting I have a

I have a problem in economics on Labor History-Blacklisting. Please help me in the following question. Firms which colluded by circulating the names of the union organizers and hence they would have complexity getting jobs were engaged is now-illegal

Q : Question based on poverty rate Select

Select the right ans wer of the question. Which of the following would we expect to contain the highest poverty rate? A) white households headed by males B) elderly white households C) white households headed by females D) African-American households headed by femal

Q : Elasticity Which of the statements

Which of the statements regarding elasticity is correct? A) Supply is more elastic in the short run than in the long run. B) Demand is more elastic in the short run than in the long run. C) Demand is more elastic when a large number of substitute goods are avail

Q : Saving and the Supply of Loanable Funds

The principal eventual lenders/savers within financial markets are: (w) business firms. (x) the government. (y) households. (z) foreign investors. I need a good answer on the topic of Economics pro

Q : Why are buyers and sellers forced to be

Several buyers and sellers are forced to be price-takers since: (w) vigorous competition maintains individuals from noticeably influencing the market. (x) only monopoly firms adjust quantities. (y) markets adjust slowly. (z) quantity adjustment is not

Q : Unemployment among skilled workers

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

Q : Tariffs Choose the right answer from

Choose the right answer from following. Tariffs: A) may be imposed either to raise revenue (revenue tariffs) or to shield domestic producers from foreign competition (protective tariffs). B) are also called import quotas. C) are excise taxes on goods exported abroad.

Q : Reading Production Possibilities

I have a problem in economics on reading the Production Possibilities Frontiers graph. Please help me in determining the right answer from the following question. The graph below depicts the mythical country of the Sandwichia’s:

Q : Maximizing firm profit conflicts with

Whenever maximizing the firm profit conflicts with self-interests of business managers, this can lead to the: (i) Principal-agent problems. (ii) Negative accounting gain. (iii) Maximization of the revenues. (iv) Negative economic gain.

Discover Q & A

Leading Solution Library

Avail More Than 1419827 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1941083
Asked

3,689

Active Tutors

1419827

Questions
Answered

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

Submit Assignment