ECON101 Final Exam Latest 2017
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ECON101 Final Exam Latest 2017 ECON101 Final Exam Latest 20 3
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Question 1 of 20 The representative firm in a purely competitive industry: A. Will always earn a profit in the short run B. May earn either an economic profit or a loss in the long run C. Will always earn an economic profit in the long run D. Will earn an economic profit of zero in the long run Question 2 of 20 An example of a monopolistically competitive industry would be: A. Steel B. Soybeans C. Electricity D. Retail clothing Question 3 of 20 Firms in an industry will not earn long-run economi...
- Examen
- • 9 pages's •
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ECON101 Final Exam Latest 2017•ECON101 Final Exam Latest 2017
Aperçu 1 sur 9 pages
Question 1 of 20 The representative firm in a purely competitive industry: A. Will always earn a profit in the short run B. May earn either an economic profit or a loss in the long run C. Will always earn an economic profit in the long run D. Will earn an economic profit of zero in the long run Question 2 of 20 An example of a monopolistically competitive industry would be: A. Steel B. Soybeans C. Electricity D. Retail clothing Question 3 of 20 Firms in an industry will not earn long-run economi...
Question 1 of 20 The representative firm in a purely competitive industry: A. Will always earn a profit in the short run B. May earn either an economic profit or a loss in the long run C. Will always earn an economic profit in the long run D. Will earn an economic profit of zero in the long run Question 2 of 20 An example of a monopolistically competitive industry would be: A. Steel B. Soybeans C. Electricity D. Retail clothing Question 3 of 20 Firms in an industry will not earn long-run economi...
- Examen
- • 9 pages's •
-
ECON101 Final Exam Latest 2017•ECON101 Final Exam Latest 2017
Aperçu 1 sur 9 pages
Question 1 of 20 The representative firm in a purely competitive industry: A. Will always earn a profit in the short run B. May earn either an economic profit or a loss in the long run C. Will always earn an economic profit in the long run D. Will earn an economic profit of zero in the long run Question 2 of 20 An example of a monopolistically competitive industry would be: A. Steel B. Soybeans C. Electricity D. Retail clothing Question 3 of 20 Firms in an industry will not earn long-run economi...
Question 1 of 20 The representative firm in a purely competitive industry: A. Will always earn a profit in the short run B. May earn either an economic profit or a loss in the long run C. Will always earn an economic profit in the long run D. Will earn an economic profit of zero in the long run Question 2 of 20 An example of a monopolistically competitive industry would be: A. Steel B. Soybeans C. Electricity D. Retail clothing Question 3 of 20 Firms in an industry will not earn long-run economi...
- Examen
- • 9 pages's •
-
ECON101 Final Exam Latest 2017•ECON101 Final Exam Latest 2017
Aperçu 1 sur 9 pages
Question 1 of 20 The representative firm in a purely competitive industry: A. Will always earn a profit in the short run B. May earn either an economic profit or a loss in the long run C. Will always earn an economic profit in the long run D. Will earn an economic profit of zero in the long run Question 2 of 20 An example of a monopolistically competitive industry would be: A. Steel B. Soybeans C. Electricity D. Retail clothing Question 3 of 20 Firms in an industry will not earn long-run economi...