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Home Q & A Board Other Fields Homework Help Business Economics
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miks miks
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5 years ago

Question 1.

The short run individual firm's supply curve is made up of the zero-profit equilibrium levels of output as the industry expands due to entry.



▸ true

▸ false

Question 2.

A firm that is earning a positive profit in the short run and expects to continue doing so has an incentive to expand its scale of operation in the long run.



▸ true

▸ false
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
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amw87470amw87470
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5 years ago
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miks Author
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#2
5 years ago
Exactly what I needed for my project, TYSM
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