Long run economic profits at entry barriers

Unlike firms within pure competition, several unregulated monopolistic firms can potentially: (w) reap long run economic profits when entry barriers prevent competition. (x) generate only normal profits in the long run. (y) sustain consistent economic losses and yet survive in the long run. (z) remain viable only during economically inefficient operation.

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

View Complete Question

Related Questions in Microeconomics

Q : When is demand perfectly price inelastic

Demand is perfectly price inelastic when the quantity demanded for Pixie’s cheesy fried grits is of: (w) zero. (x) P4. (y) P2. (z) More information is required.

Q : Problem on adjustments in Income Effect

Whenever your purchasing power drops as the price of a good you purchase increases, you make adjustments as of the: (1) Marginal utility effect. (2) Price level effect. (3) Income effect. (4) Consumer excess effect. Choose the righ

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 : Present Value of an Annual Income The

The present value of an annual income stream which goes on forever equals the annual income as: (w) times infinity. (x) divided by the wage rate. (y) multiplied by the interest rate. (z) divided by the interest rate.

Q : Define deficient demand or deflationary

Define deficient demand or deflationary gap: Deficient demand occur whenever AD is less than AS at the level of full employment equilibrium

Q : Expectations about future housing prices

The market demand curve for latest houses would shift in response to a modification in: (i) Housing prices. (ii) The costs of lumber. (iii) Construction technology. (iv) Expectations regarding future housing prices.

Q : Elimination of exploitation The removal

The removal of exploitation of labor [that is, wage payments beneath the value to society of each and every individual worker’s productive contribution] is automatic when business decision makers: (1) Should set wages via collective bargaining agreements with th

Q : Rate of return on financial investment

When you can buy a bond today for $1,000 and this will mature at $1,210 two years from currently, the rate of return on this financial investment is: (1) 10%. (2) 10.5%. (3) 11%. (4) 12%. (5) 21%.

Q : Demand for Labor and Monopsony Power

When wage discrimination is not likely for the first 40 workers this profit-maximizing firm hires, however it can wage discriminate absolutely whenever hiring all the subsequent workers, it hires a net of: (1) 40 workers at average wage of $700 per week per worker. (2

Q : Marginal revenue and cost equality of

Pure competitors produce where P is = MC since: (w) their objective is community welfare, not profit. (x) this always allows them excess profits. (y) maximum profit needs that MR = MC. (z) they can set any price they desire

Discover Q & A

Leading Solution Library

Avail More Than 1418248 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1945629
Asked

3,689

Active Tutors

1418248

Questions
Answered

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

Submit Assignment