Business

Nico Mckay

15 April, 08:52

When economic profits in an industry are zero: a. it means that firms are doing as well as they could do in other markets. b. the industry is not in long-run equilibrium. c. firms should exit, so they can make an economic profit in some other market. d. firms are really doing badly. e. the price will tend to decrease as more firms enter the market.

+1

Answers (1)

Know the Answer?

Not Sure About the Answer?

Get an answer to your question ✅ “When economic profits in an industry are zero: a. it means that firms are doing as well as they could do in other markets. b. the industry ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.

Search for Other Answers

You Might be Interested in

Harry Putts Productions held investments in equity securities (in Ellie Company) with a fair value of $ 60 comma 000 at December 31, 2018. These investments cost Harry Putts Productions $ 57 comma 000 on January 1, 2018.

The following adjusted trial balance contains the accounts and balances of Cruz Company as of December 31 2017, the end of its fiscal year: No.

Tadeo Corp. has provided a part of its budget for the second quarter: Apr May Jun Cash collections $ 43 comma 000 $ 43 comma 000 $ 40 comma 000 Cash payments: Purchases of direct materials 6 comma 000 7 comma 200 6 comma 000 Operating expenses 7

Suppose that there is only one provider of a service in a state. Because this provider experiences economies of scale, the government does not want to break it into smaller pieces, but it does want the provider to supply the efficient quantity.

The term crowding-out effect refers to:a. The reduction in aggregate supply that results when a moneta1Y expansion causes the interest rate to decrease. b.

New Questions in Business

When a tax is levied on buyers of tea, a. buyers of tea and sellers of tea both are made worse off. b. buyers of tea are made worse off, and the well-being of sellers is unaffected. c.

Which of the following is not correct? a. A tax places a wedge between the price that buyers pay and the price that sellers receive. b. In the new after-tax equilibrium, buyers and sellers share the burden of the tax. c.

The major benefit of diversification is the: a. increased expected return. b. removal of all negative risk assets from the portfolio. c. reduction in the portfolio's total risk. d. reduction in the portfolio's systematic risk.

Dougherty Corporation purchased a new delivery van for use in its dry-cleaning business. As part of the purchase of the van the following costs were incurred: Acquisition cost 30,000, Sales tax 1,800, Title transfer 250, paid to the company logo on

Horatio Alger is the product manager for Brand X, a consumer product with a retail price of $1.20. Retail margins are 35% while wholesalers take an 11.5% margin.