Which of the three industries (perfect competition, monopolistic competition, monopoly) can sustain long-run economic profit? Why?Explain the long run economic profit earned by each of the four: -perfect competition, -monopolistic competition, -oligopoly and -monopoly. Explain ...
At an output quantity equal to 250, a monopoly firm faces a demand curve with a price (P) of $50, a marginal cost (MC) and marginal revenue (MR) equal to $10, and an average total cost (ATC) equal to $12. The economic profit for this monopoly firm is closest to: A. $12500...
Explain how a perfectly competitive firm adjusts to earning only normal profits in the long run from a position of economic profit/loss in the short run. Briefly compare the short run to the long run position on the basis of allocative efficiency and p...
short run pricingprofit maximisationincome maximisationA dynamic program for generating monopoly profit-maximizing pricing and expansion policies for a port facing a continuously shifting, price-dependent demand and a series of discrete investment alternatives is described. A related algorithm for generating ...
This policy may result in destroying shareholder value, and does indeed fully wipe out the firm's profit in the limit of the decision-making interval shrinking to zero, in line with the Coase conjecture. 展开 关键词: Monopoly Asset pricing theory General equilibrium Short-sighted Time-consistency...
In the short run, what is the similarity, in relation to profits in a monopoly and a monopolistic competitive market? Is there a difference in the long run? Explain. One difference between the short run and the long run is that perfectly competitive firms: a...
CHAPTER 10 Production Costs in the Short Run and Long Run In economics, the cost of an event is the highest -valued opportunity necessarily forsaken. The usefulness of the concept of cost is a logical implication of choice among available options. Only if no alternatives were possible or if ...
This is one way to profit from it. Even when giving selfishly, helping the helpless is a core generator for YOUR total winning. Hunger and Poverty: Let's end starvation Live the Psychology of LongevityHelp others to live stronger longer BE Your Psychology of ShortcutsGiving Means Getting ...
It could quickly stop being multi-agent, and at worst, the monopoly could consolidate enough political power to manipulate the EV estimators and reward hack. In theory those economies shouldn't interact. But it's impossible to totally prevent it. The EV estimators are receiving big sets of ...
A) economic profit is $0 B) P=ATC=MC=MR C) ATC is minimized D) All the above Why is the long run equilibrium under perfect competition more effecient than monopoly? In the short run, a perfectly competitive firm will always make an abnormal profit if: a. P ...