Are Oligopolies more likely to earn economic profit in short term and long terms compared to...
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Oligopolies can earn positive economic profit in the short run, as other markets such as perfect competition, monopolistic and monopoly can do it.But, in the long run, oligopoly has better prospects of getting positive economic profit than that of perfect competition and monopolistic competition firms. It happens due to the zero economic profit in the long run for perfect competition and monopolistic competition firms. But, in monopoly, a firm earns positive economic profit in the long run and it has higher possibility to do so in comparison to oligopoly market. An oligopoly market, firms can earn positive economic profit, but it is not better than the monopoly.
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Are
Oligopolies more likely to earn economic profit in short term and
long terms compared to...
Is an oligopolist more likely to earn an above-normal profit in the long-run compared to a...
Is an oligopolist more likely to earn an above-normal profit in the long-run compared to a monopolistic competitive firm? Explain why or why not?
Oligopolies face constraints like other markets, but the one difference is There demand curve is perfectly...
Oligopolies face constraints like other markets, but the one difference is There demand curve is perfectly horizontal There is no competition They are a price taker Reactions of rival firms tend to be more favorable to long term economic profit
“A monopoly is always going to earn economic profit in the short run and in the...
“A monopoly is always going to earn economic profit in the short run and in the long run.” Do you agree with this statement? Explain
Generally speaking, a perfectly competitive firm: will always be expected to earn economic profit in the...
Generally speaking, a perfectly competitive firm: will always be expected to earn economic profit in the long run due to entry. may earn an econmic profit or loss in the long run. will always earn a profit in the short run. is expected to earn zero economic profit in the long run due to entry. SUS
In perfectly competitive markets long term economic profit is zero. If so, why firms bother to...
In perfectly competitive markets long term economic profit is zero. If so, why firms bother to enter such market? Explain this in detail
Consider a short-run PC market where firms are earning positive economic profit. In the long-run, we...
Consider a short-run PC market where firms are earning positive economic profit. In the long-run, we would expect: Firms to enter this market, drive price down, and earn zero economic profit Firms to enter this market, drive price down, and keep economic profit just above zero Firms to exit this market searching for higher profit, driving price up and increasing profit for the firms that stay Firms to exit this market searching for higher profit, driving price down and decreasing...
st 3 ning: 1:44:09 Save balmi13r.11.152 It is not true in the long run of monopolies that O a. other firms seeking positive economic profit enter the market. b.they earn positive economic profit. c....
st 3 ning: 1:44:09 Save balmi13r.11.152 It is not true in the long run of monopolies that O a. other firms seeking positive economic profit enter the market. b.they earn positive economic profit. c. they sell their output at a price greater than marginal cost. d.they benefit from barriers to entry. 0 Icon Key
st 3 ning: 1:44:09 Save balmi13r.11.152 It is not true in the long run of monopolies that O a. other firms seeking positive economic profit enter...
5. Individual Problems 9-5 Describe the difference in economic profit between a competitive firm and a...
5. Individual Problems 9-5 Describe the difference in economic profit between a competitive firm and a monopolist in both the short and long run. Which should take longer to reach the long-run equilibrium? In the short run, both monopolists and competitive firms earn positive economic profits. In the long run, can earn a positive economic profit. True or False: The adjustment to long-run equilibrium occurs more quickly for competitive industries than for monopolists. O False
Protein structures are expressed in terms of amino acid seguence, the short-term repeating pattern, the long...
Protein structures are expressed in terms of amino acid seguence, the short-term repeating pattern, the long term bend and folds and finally how proteins structures interact with the Select one or more true false
Which market structure can earn long-run economic profits? a. Perfect competition b. Monopolistic competition c. Oligopoly...
Which market structure can earn long-run economic profits? a. Perfect competition b. Monopolistic competition c. Oligopoly d. Monopoly e. c and d only All firms produce where a. marginal benefits are greater than marginal profits b. short-run profits are less than long-run profits c. marginal revenues are greater than or equal to marginal costs d. average total costs are greater than marginal costs A perfect competitor is a __________ and can earn economic profits ____________. a. price maker, in both...
Generally speaking, a perfectly competitive firm: will always be expected to earn economic profit in the long run due to entry. may earn an econmic profit or loss in the long run. will always earn a profit in the short run. is expected to earn zero economic profit in the long run due to entry. SUS
st 3 ning: 1:44:09 Save balmi13r.11.152 It is not true in the long run of monopolies that O a. other firms seeking positive economic profit enter the market. b.they earn positive economic profit. c. they sell their output at a price greater than marginal cost. d.they benefit from barriers to entry. 0 Icon Key
st 3 ning: 1:44:09 Save balmi13r.11.152 It is not true in the long run of monopolies that O a. other firms seeking positive economic profit enter...
5. Individual Problems 9-5 Describe the difference in economic profit between a competitive firm and a monopolist in both the short and long run. Which should take longer to reach the long-run equilibrium? In the short run, both monopolists and competitive firms earn positive economic profits. In the long run, can earn a positive economic profit. True or False: The adjustment to long-run equilibrium occurs more quickly for competitive industries than for monopolists. O False
Protein structures are expressed in terms of amino acid seguence, the short-term repeating pattern, the long term bend and folds and finally how proteins structures interact with the Select one or more true false
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