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 : Demand curve for physical capital The

The demand curve for physical capital: (1) does not depend on the amount of labor available. (2) generates a supply of loanable funds to finance new investment. (3) depends onto the marginal productivity of capital. (4) is exactly parallel to the amou

Q : Existence of Diseconomies I have a

I have a problem in economics on Existence of Diseconomies. Please help me in the following question. Diseconomies of the scale exist if: (1) Price reduces as more units are sold. (2) Total costs reduction as output raise. (3) Average costs raise as output rises. (4)

Q : Examples of Human Capital I have a

I have a problem in economics on Examples of Human Capital. Please help me in the following question. On-the-job training, the college education and leadership skills are all illustrations of (1) Financial capital. (2) Human capital. (3) Economic capi

Q : Asymmetric Information-Efficiency of

Asymmetric information is less difficult for the efficiency of laissez faire transactions whenever transactions: (i) Are voluntary and are predict to be repeated many times. (ii) Costs are relatively very high. (iii) Are regulated by the complex govt.

Q : Problem on Industrial Unions I have a

I have a problem in economics on Problem on Industrial Unions. Please help me in the following question. The United Auto Workers (or UAW) is an illustration of a(n): (1) Mechanical union. (2) Company union. (3) Craft union. (4) Industrial union.

Q : Consequences of the price floor

Consequences of the price floor: The consequences of price floor might be: (A) Surplus of the commodity (B) The government might resort to buffer stocks to absorb the excess in the market at the support price and sells the products to consumers beneat

Q : Profit-maximizing level of output When

When LoCalLoCarbo, the favorite corporation of fad dieters, produces adequate output to minimize its average total costs that will: (1) produce more than the profit-maximizing level of output. (2) concurrently minimize its average variable cost. (3) p

Q : Bilateral Monopoly model problem Can

Can someone please help me in finding out the accurate answer from the following question. The bilateral monopoly model is: (i) Among the most modern models of the union bargaining. (ii) Very helpful in describing specific labor agreements. (iii) The theory of dynamic

Q : Relative Prices-Rational consumer I

I have a problem in economics on Relative Prices-Rational consumer. Please help me in the following question. The rational consumer buying decisions based on: (1) Present prices. (2) Absolute prices. (3) Nominal prices. (4) Relative prices.

Q : Output produces by monopolistic

This monopolistic competitor generates Q0 output where is: (1) MR = MC. (2) MSB > MSC. (3) average cost is not minimized. (4) P = ATC. (5) All of the above.

Discover Q & A

Leading Solution Library

Avail More Than 1436776 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1955783
Asked

3,689

Active Tutors

1436776

Questions
Answered

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

Submit Assignment