A monopoly firm can earn supernormal profit both in the short-run and long-run, because __________. A .

Fantastic news! We've Found the answer you've been seeking!

Question:

A monopoly firm can earn supernormal profit both in the short-run and long-run, because __________.

A. Of the use of economies of scale in production

B. Of the concept of selling cost

C. The entry of new firms is restricted

D. New firms are entered into the industry

Related Book For answer-question

Managerial Economics

ISBN: 978-0324588866

12th edition

Authors: Mark Hirschey

See More Books

Posted Date: Jan 31, 2023 11:33 PM

See More Questions

A firm operating in the short run produces 100 units of product, has average total costs of $300, and has average variable costs of $200. What are the firm's total fixed costs?
The view that velocity is constant in the short run transforms the equation of exchange into the quantity theory of money. According to the quantity theory of money, when the money supply doubles a...
A monopoly firm can earn super normal profit in the __________. A . short-run B . long-run C . both (a) and (b) D . none of the above
Table illustrates the quantities, marginal costs, average variable costs, and average costs of a competitive firm. Refer to table 4. How much is the unit profit at price =$30? [the problem is based...
What is the difference between the market value per share and the par value per share?
Which of the following statements is true? a. The MIN function can be used only with numeric data. b. The MAX function can be used only with date values. c. The AVG function can be used only with...
Consider the jet turbine engine thrust data in Table B.13. Split the data into prediction and estimation data sets. a. Fit a model to the estimation data using all possible regressions. Select the...
In recent years, Jayme Company has purchased three machines. Because of frequent employee turnover in the accounting department, a different accountant was in charge of selecting the depreciation...
Audit reporting processses inclusive of "what the report would be against and to whom the report may be accessible to by what methods" and rmore clarification about audit reporting ?
case study:- Prestige Dance academy please answer the question below. CASE 11 Prestige Dance Academy P icture a group of children pretending to be butterflies twirling and leaping around a calming...
How Contemporary issues such as Developing Leadership is affecting strategic human resource management?
Marc and Mikkel are married and earned salaries this year of $ 6 4 , 0 0 0 and $ 1 2 , 0 0 0 , respectively. In addition to their salaries, they received interest of $ 3 5 0 from municipal bonds and...
Carson Holiday has a federal tax levy of $ 4 , 1 1 9 . 9 0 against him. If Holiday is single with three dependents and had a take - home pay of $ 1 , 0 2 0 . 0 0 this week, how much would his...
At December 3 1 , 2 0 2 3 , Albrecht Corporation had outstanding 3 5 3 , 0 0 0 shares of common stock and 2 0 , 0 0 0 shares of 9 . 5 % , $ 1 50 par value cumulative, nonconvertible preferred stock....
Hanna Company s current asset and current liability account balances at the beginning and end of the year were as follows: December 3 1 End of Year Beginning of Year Current assets: Cash and cash...
On January 1 , 2 0 2 3 , Ridge Road Company acquired 3 0 percent of the voting shares of Sauk Trail, Incorporated, for $ 4 , 5 0 0 , 0 0 0 in cash. Both companies provide commercial Internet support...
is considering the purchase of a machine to produce a new product. The machine will cost the business 250,000 and has an expected life of four years. Annual operating profits from the machine are...
1. True or False. Pitfalls to consider in a statistical test include nonrandom samples, small sample size, and lack of causal links. 2. Because 25 percent of the students in my morning statistics...
Is it appropriate to view firms primarily as economic entities?
Courtney-Cox, Inc., is a Texas-based manufacturer and distributor of components and replacement parts for the auto, machinery, farm, and construction equipment industries. The company is presently...
The Las Vegas Valley Water District (LVVWD) is a not-for-profit agency that began providing water to the Las Vegas Valley in 1954. The District helped build the city's water delivery system and now...
What quality systems and standards exist in your organisation to 1) ensure quality across the project and 2) ensure quality within the products and services produced by your projects?
How can a run chart be used within a project environment?
Which types of tools would be useful for investigating the root cause of a problem?

A monopoly firm can earn supernormal profit both in the short-run and long-run, because __________. A .

Question:

Expert Answer:

The detailed answer for the above question is provided below ANSW... View the full answer

Managerial Economics

Students also viewed these economics questions