Economic profit in the long run is: * 1 point
a. possible for both a pure monopoly and a pure...
Economic profit in the long run is: * 1 point
a. possible for both a pure monopoly and a pure competitor.
b. possible for a pure monopoly, but not for a pure competitor.
c. impossible for both a pure monopolist and a pure competitor.
d. only possible when barriers to entry are nonexistent.
Answers: 3
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In microeconomics, the point at which supply and demand meet is called the blank price
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Answer the following questions using the banker’s algorithm: a. illustrate that the system is in a safe state by demonstrating an order in which the processes may complete. b. if a request from process p1 arrives for (1, 1, 0, 0), can the request be granted immediately? c. if a request from process p
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To appeal to a new target market, the maker of hill's coffee has changed the product's package design, reformulated the coffee, begun advertising price discounts in women's magazines, and started distributing the product through gourmet coffee shops. what has been changed? a. the product's perceptual value. b.the product's 4ps. c. the method used in its target marketing. d. the ownership of the product line. e. the product's utility.
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