--%>
Assignment Help - homework help

Profits and losses in long run

In the long run: (i) purely competitive firms make zero economic profits. (ii) monopolistically competitive firms make zero economic profits. (iii) effective barriers to entry may permit economic profits. (iv) oligopolists and monopolists may realize economic profits. (v) All of the above.

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

   Related Questions in Microeconomics

  • Q : Voluntary verses Involuntary Poverty

    When physically and mentally capable individuals who are born in impoverished families fail to work after they develop up but since they can rely on charity, in that case they are experiencing: (1) involuntary poverty. (2) relative poverty. (3) a vicious cycle of pove

    		•
  • Q : Define marginal revenue Marginal

    Marginal revenue: This is the change in total revenue by selling one more or a lesser amount of unit of commodity.

    		•
  • Q : Barriers prevent entry in monopoly

    Monopolists are more probable to generate economic profits within the long run than are pure competitors since: (w) monopolists are crooks. (x) monopolists are more interested in profits. (y) barriers prevent entry by new firms in a m

    		•
  • Q : Labor Unions-jurisdictional strikes

    Preceding to the merger of the American Federation of Labor and Congress of Industrial Organizations to the AFL CIO merger in year 1955: (1) The AFL was an alliance of the industrial unions. (2) The CIO was an alliance of the craft unions. (3) Jurisdictional strikes o

    		•
  • Q : Proprietorships and

    Can someone please help me in finding out the accurate answer from the following question. The sole proprietorship owned and executed by the lone individual is at a drawback whenever compared to the corporation since it lacks relatively: (i) Flexible legal options reg

    		•
  • Q : Market supply Schedules for a good The

    The market supply schedule for a resource or good shows the: (i) Points in time if production is scheduled for completion. (ii) Amounts sellers wish could be given at prices exceeding the costs. (iii) Maximum quantities which will be offered for sale at particular pri

    		•
  • Q : Problem on reducing Complementary Goods

    The failure of spaghetti crop would be most probable to decrease the: (1) Supply of cheap red wine. (2) International rate of inflation. (3) Demand for potato salad. (4) Demand for the spicy tomato sauce. (5) Prices of dinners in an Italian restaurant.

    Q : Economic profits by potential customers

    When you lease a building for five years and rapidly achieve economic profits since it is located conveniently for potential customers: (1) you could capitalize some of these pure profits when you sold your business along with a sublease at the ending

    		•
  • Q : Strategic Barriers to Entry in

    Extravagant and costly marketing through established firms in an oligopoly is probable to: (w) encourage entry by other profit maximizing firms. (x) raise the minimum efficient scale of production for new entrants. (y) act as a regulatory barrier of entry. (z) increas

    		•
  • Q : Resource market in equilibrium When the

    When the resource market demonstrated in this figure is into equilibrium: (1) owners of these resources currently receive no economic rents. (2) economic rent is specified from trapezoid Oade. (3) the rectangle Obde measures consumer surplus by the fi

    		•