Which of the following have been suggested as sources of economic profit?
a. exercise of monopoly power by firms
b. accepting a large degree of risk
c. successful innovation
d. All of the above are correct.
d
You might also like to view...
Suppose a new textbook sells for $100 at the college bookstore. The bookstore will buy it back at the end of the semester for $35, and sell then it used to somebody else for $75. Christina agrees to the deal, and pays $100
Once she buys the book, her sunk cost is A) $25. B) $35. C) $40 D) $65 E) $100.
How are the current account and the financial account related?
What will be an ideal response?
Policies that make it more difficult to fire an employee are likely to:
A. have no impact on unemployment. B. lead to less unemployment. C. affect frictionally unemployed workers more than other unemployed workers. D. lead to greater unemployment.
Imposing trade barriers does all of the following except
A) reduces economic efficiency. B) lowers incomes. C) lowers domestic prices. D) invites retaliation from foreign governments.