In the long-run equilibrium in perfect competition,

A) producer surplus is positive.
B) producer surplus is negative.
C) producer surplus is greater than consumer surplus.
D) producer surplus is less than consumer surplus.


D

Economics

You might also like to view...

If short-run average total costs are rising in the oil tanker industry, it implies that economies of scale exist in that industry

a. True b. False Indicate whether the statement is true or false

Economics

Refer to Figure 15-3. Suppose the monopolist represented in the diagram above produces positive output. What is the profit-maximizing/loss-minimizing output level?

A) 630 units
B) 800 units
C) 850 units
D) 880 units

Economics

The economic analysis of imperfect competition was originated by

A) Edward Chamberlain. B) Joan Robinson. C) Both A and B D) none of the above

Economics

Which of the following statements is most correct?

A. The higher the deposit insurance limit the greater the risk of moral hazard. B. Deposit insurance limits do not impact moral hazard, they impact adverse selection. C. Increasing the deposit insurance limits above $100,000 would increase coverage for over 50 percent of all depositors. D. The higher the deposit insurance limit the lower the risk of moral hazard.

Economics