Question

26. Say you own a monopolistic firm such as a fast food joint (for questions 25 to 27). In the short run your firm can make a. Profit b. Loss c. Zero economic profit d. All of the above 27. You realize that your firm is making a loss if a. Price is greater than the average total cost b. Price is less than the average total cost c. Price is equal to the average total cost Both a and b d. 28. In the long run your firm will be making a. profit b. loss zero economic profit c. both a orc d.

Answer 1

Maropalishe A firm Can mak- dA AM cof Mhe abou in Mhe ehartum, a7) Yaur firm is making b) prire is iss Nhon Nhe avechage talal cost. a lo ss if will ke fhm uwll ke 2) In Mhe lang making- zereo esenomic prakit your rum