The running shoe market is a monopolistically competitive market. Firms in the running shoes market are making an economic profit. Do you expect firms to enter the running shoes market or exit from that market in the long run? ... When a firm in a monopolistically competitive market is making an economic profit, OA. we don't expect firms to enter the market in the long run because of barriers to entry OB. we expect firms to enter the market in the long run OC. we expect firms to enter the market in the long run only if new firms will have excess capacity OD. we expect firms to enter in the long run only if they have zero markup OE. we don't expect firms to enter the market because increased competition will eliminate excess capacity Next Canv suppo d? =

Q: What is Lerner index? How is it calculated? What does it calculated outcome tell us?

A: In economics, a Lerner index is a tool that helps to measure the market power of a firm. This was…

Q: What is meant by accomodating items?

A: We know well that in autonomous transactions there occur deficits or surplus which are to be covered…

Q: VC FC TC AVC AFC ATC MC 0.00 3,780.00 NA NA NA NA 1 400.00 2 700.00 3 900.00 4 1,000.00 1,050.00…

A: Disclaimer :- as you posted multipart questions we are supposed to solve the first 3 parts as per…

Q: Explain what it means if the z-score of an exam score is -1.2.

A: z-score is a numerical value that tells the number of standard deviations a particular data value is…

Q: John works in an appliance store.  His sales commission depends on the number of units sold per…

A: Average price is the average price of an asset or security observed over a period of time.

Q: The South Korean Government in the 1970s decided to follow a strategy of increased investment in…

A: Scarcity refers to the limited availability of resources, that are used to produce goods and…

Q: (a) Construct a relative frequency histogram for the ideal number of children. Choose the correct…

A: Histogram: A histogram is a graphical figure that represents the frequency distribution based on the…

Q: MKT-1003/ If a consumer's ideal state is very near or identical to his or her actual state, which of…

A: The objective of the question is to identify the type of problem recognition a consumer would have…

Q: 17. Using the information in the table below, calculate the MRPS for Point C. Point Y1 Y2 MRPS A B C…

A: Since you have posted multiple questions, we will provide the solution only to the first question as…

Q: 22 The annual salary of the staff members in a state government agency are shown here.  The first…

A: S F S*F   120000 1 120000   91,000 2 182000   86,000 4 344000   65,000 10 650000…

Q: 5. Answer the following questions about the following PPC graph. 1. At point A, what is the quantity…

A: The production possibility curve (PPC), also known as the production possibility frontier, is a…

Q: 2. What is the margin of error for the 90% confidence interval?

A: A margin error describes how many %  points of your result will vary from actual population value.…

Q: Sharpener and pencil are Substitute True/Fals

A: For two goods to be called substitute, they must have atleast 50% of same characteristics and thus…

Q: PLS HELP ASAP ON BOTH

A: (1)Option a:  this option is correct because radiographic testing requires two sided access to the…

Q: Statutory Conditions in one (1) of the following OA) Knowingly makin OB) Details about wh OC) Method…

A: Statutory Conditions: Legally mandated provisions in insurance policies that set out rights and…

Q: The Regulations under the RIB Act require an insurance broker to provide evidence that insurance has…

A: The Regulations under the RIB Act require insurance brokers to provide evidence of placed insurance.…

Q: Differentiate between MDGs and SDG

A: SDGs stands for the Sustainable Development Goals. It began in 2012 at the UN Conference on…

Q: where did you get 0.1235 from

A: We know that: X=-50000/P*Q By substituting values X=-50000/(P*(4.3103-1.39*ln P)) Since initial P is…

Q: front ChatGPT 2276#269e9a33-10ef-4ef0-b7b3-813a6ff6d987 + son, Saniyah answers will automatically…

A: Approach to Solving the Question:Understand the Concept: Identify how temperature changes affect…

Q: Government-imposed taxes cause reductions in the activity that is being taxed, which has important…

A: There are many sub-parts of the question. As per honor code, we can only provide solution of first…

Q: Suppose the imposition of a $2-unit tariff on X leads to a fall in the international price of X from…

A: An imposition of a unit tariff refers to the levying of a fixed amount of tax or duty on the import…

Q: I need answer typing clear urjent no chatgpt used i will give upvotes

A:

Q: True or False: If you purchase a gift card electronically through a site such as Plastic Jungle, you…

A: A market is a place where the exchange of goods and services takes place between the buyers and…

Q: 81 of 90 Under a Homeowners policy, how can increased costs of repairs due to the operation of a law…

A: Insurance is a financial arrangement or contract between an individual or entity (the insured) and…

Q: The ratio of Consumption to savings is given as 5/3  Calculate the value of savings if the value of…

A: # in the above question we are given the value of income to be as $6000 and we need to calculate the…

Q: Koonson Crusoe spends 4 hours a day catchine fish and picking coconuts. He can always caen per hour…

A: here we calculate the given by following method as follow;

Comparative Advantage and Absolute Advantage Analysis

The theory of absolute advantage was given by Adam Smith in the year 1776.