In the short run,
a. economic profit is always zero
b. economic loss is always zero
c. some inputs are fixed
d. the number of firms in an industry can vary
e. technology is indeterminate
C
You might also like to view...
With barriers to the entry of new firms
A) a cartel is guaranteed to earn an economic profit greater than zero. B) a cartel's members have no incentive to cheat. C) the cartel will likely earn an economic profit greater than zero. D) industry supply will expand if the firms form a cartel.
In 2017, new stock sales accounted for ____ in corporate financing because corporations bought back some of their stock.
A. $2 billion B. ?$379 billion C. $1 trillion D. ?$65 billion
Subsidies can destroy wealth because
a. subsidies move assets from lower- to higher- valued uses b. subsidies move assets from higher- to lower- valued uses c. subsidies help producers only d. subsidies help consumers only
Which of the following lists correctly ranks countries from most equal to least equal distribution of income?
a. Nigeria, India, Mexico, Germany b. Brazil, United States, India, Japan c. United States, Ethiopia, Japan, South Africa d. Japan, India, United States, Brazil