Because advertisement services are differentiated, Facebook sets the price equal to marginal revenue. Facebook can mark up the price. Facebook is a price taker. Facebook sets the price equal to marginal cost. If Facebook is correct and other firms are not technically prevented from entering the market and selling advertising spa then Facebook should expect to have economic profits in long run. Zero Positive Ambiguous Negative

Because advertisement services are differentiated, Facebook sets the price equal to marginal revenue. Facebook can mark up the price. Facebook is a price taker. Facebook sets the price equal to marginal cost. If Facebook is correct and other firms are not technically prevented from entering the market and selling advertising spa then Facebook should expect to have economic profits in long run. Zero Positive Ambiguous Negative

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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