--%>

High economic profits

High economic profits for firms are least probable to arise by: (1) important market power. (2) “cut-throat” competitive pricing policies. (3) superior products. (4) unusually efficient managers. (5) price-maker behavior.

Hey friends please give your opinion for the problem of Economics that is given above.

   Related Questions in Microeconomics

  • Q : Maximizes profit in production of

    When Robomatic Corporation maximizes profit in its production of RoboMaids, its monthly total revenue will be roughly: (i) $100 million. (ii) $140 million. (iii) $160 million. (iv) $200 million. (v) $240 million.

    Q : Determine marginal revenue in

    Assume that a monopolist can sell ten gallons of dehydrated water to backpackers of $10.00 each, however selling 11 gallons forces a price cut of $9.95. Then marginal revenue is: (w) $10.00. (x) $9.95. (y) $9.45. (z) $9.40.

  • Q : Market-period supply curve For a purely

    For a purely competitive industry a market-period supply curve would be: (i) curve A. (ii) curve B. (iii) curve C. (iv) curve D. (v) curve E.

    Q : Differentiate perfect and monopoly

    Differentiate between perfect competition and monopoly competition?

  • Q : Price elasticity on straight line curve

    Find out the price elasticity of supply at any point on a straight line curve when A) supply curve intersects ox axis in its negative range B) supply curve intersects ox axis in its positive range. C) Supply curve passes via the origin?

  • Q : Define utility Utility : The wants

    Utility: The wants satisfying power of a commodity is termed as utility.

  • Q : Screening and Credentialism The critics

    The critics of ‘credentialism’ suppose that firms making employment decisions tend to mainly rely too heavily on: (i) Personal contacts. (ii) Personality testing. (iii) Past experience. (iv) Job interviews. (v) Formal education and trainin

  • Q : Freedom of entry and exit Typical firms

    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 variab

  • Q : Monopolistic competition in the long

    This figure demonstrates a: (w) long run equilibrium for a firm in a perfectly competitive industry. (x) short run equilibrium for a natural monopoly. (y) short run circumstances for a monopolistically-competitive firm into long run equilibrium. (z) cartel which maxim

  • Q : Cross-elasticity coefficient When the

    When the number of textbooks sold falls/drops 10 percent whenever college tuitions double, textbooks and college enrollments are _____ goods and their cross-elasticity coefficient is mainly _____. (i) Superior; 5.0. (ii) Inferior;   10.0. (i