In the long run perfectly competitive
A. firms will accept losses if there is the hope of someday turning a profit.
B. firms will not accept anything less than a profit rate greater than the going interest rate.
C. firms will accept zero economic profits.
D. firms must have revenues greater than explicit and implicit costs.
C. firms will accept zero economic profits.
You might also like to view...
“OPEC is exploiting the United States by selling us oil at inflated prices.” Agree or disagree.
What will be an ideal response?
In the specific factors model, a country's production possibility frontier is ________ because of ________
A) a straight line; diminishing marginal returns B) a curved line; diminishing marginal returns C) a straight line; constant marginal returns D) a curved line; constant marginal returns E) a curved line; a limited supply of labor
If the price index had moved from 110 in 2006 to 115 in 2007, the rate of inflation in 2007 was _____
a. 15 percent b. 11 percent c. 5.5 percent d. 4.55 percent
The U.S. Treasury offers several ways to purchase U.S. government bonds. There are the traditional coupon bonds and Treasury Inflation-Indexed Securities. How do these bonds differ from their traditional counterparts?
What will be an ideal response?