ECN 360 Grand Canyon Week 2 Discussion
ECN 360 Grand Canyon Week 2 Discussion
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ECN 360 Grand Canyon Week 2 Discussion
ECN360
ECN 360 Grand Canyon Week 1 Discussion 1
The long-run equilibrium for a perfectly competitive
firm is zero-profit equilibrium. Does this mean that owners of these firms have
no income? Explain.
ECN 360 Grand Canyon Week 2 Discussion 2
How does the
price and level of output for a monopolist
differ from that of a purely competitive firm? Is this due to differences in
the cost of doing business? Do these differences provide a rationale for
anti-trust legislation? Explain.
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