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 : Monopolistic competitor in market When

When this monopolistic competitor makes Q units: (1) P > MC. (2) MR = MC. (3) total revenue total cost is maximized. (4) MSB > MSC. (5) All of the above.

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 : Get economic profit by economic rent

When you quickly attain economic profit because you build a store on rented land which turns out to be located conveniently for potential customers, in that case: (w) profit will increase when you buy the land after your lease expires. (x) rent will a

Q : Circular flow of Income Elucidate the

Elucidate the circular flow of Income in two sector model. Answer: There are just two sectors namely: Firms and households. Households give factor services to the fi

Q : Define abnormal profit Abnormal profit:

Abnormal profit: It is the gain earned over and above the normal profit.

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 : Problem on numbers of Buyers Even when

Even when each household’s demand curve didn’t shift, the market demand for the butter would increase if there were a raise in: (1) House-hold income. (2) People’s preferences for the butter. (3) Population. (4) Price of margarine.

Q : State Performance of Funds Performance

Performance of Funds: The performance of funds mainly depends on how much diversification has been taken up by a portfolio manager and also if the company’s fundamentals have been assessed well and no hasty decision has been made on the basis of

Q : Dynamic Tit-for-Tat Carlos and Ivana

Carlos and Ivana are friends and roommates. They eat together despite who cooks. But this cooking game is repeated mostly every evening, across time the probable result would be which: (1) neither Carlos nor Ivana cook, nor do they eat. (2) Carlos alone cooks for both

Q : Define poverty line by the income

Explaining the poverty line by the income needed to maintain a specified standard of living is: (w) a positive poverty standard. (x) a relative poverty standard. (y) a normative poverty standard. (z) an absolute poverty standard.

Discover Q & A

Leading Solution Library

Avail More Than 1429569 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1928447
Asked

3,689

Active Tutors

1429569

Questions
Answered

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

Submit Assignment