Business

Kaya Brooks

22 February, 00:36

Which of the following statements are true about both monopolistic competition and monopolies? Check all that apply. Firms earn zero profit in the long run. Firms are not price takers. Firms can earn positive profit in the long run. Price equals average total cost in the long run.

+3

Answers (1)

Know the Answer?

Not Sure About the Answer?

Get an answer to your question ✅ “Which of the following statements are true about both monopolistic competition and monopolies? Check all that apply. Firms earn zero profit ...” 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

Monopolistically competitive markets are characterized by a large number of firms A economies of scale B standardized products C mutual interdependence D positive economic profit in the long run

Healthcare costs have risen faster than overall inflation. a. True b. False

The demand for silver decreases, other things equal, when

The amount debited to wages expense when a payroll is recorded is the

What is the majority of our federal budget devoted to? (What category makes up most of the spending) Contractionary Mandatory Fiscally Monetarily O Discretionary

New Questions in Business

If a series of events results in a decrease in investments in the US businesses, what is the result on the US economy? A. Contraction B. Expansion C. Peak D. Trough

Information is stored in what type of object in a database? A. Report B. Query C. Form D. Table

Taryn, who was sexually assaulted in a parking lot, experiences frequent nightmares and has withdrawn from her family and friends. Since the attack, she has difficulty sleeping and can no longer hold down a job.

Robert Bryan, Jr., earns $400 per week plus 3% of sales in excess of $7,000. If Robert sells $21,000, how much are his weekly earnings?

In the United States, the labor share of national income has significantly declined since its peak in 1970. See the section 3-2 in the text for additional information. Offer your explanation for this trend.