A Markup of Price Over Marginal Cost Is Inconsistent with Free

question 188

True/False

A markup of price over marginal cost is inconsistent with free entry and zero profit.

---

Definitions:

Productive Enough

Achieving a level of productivity that meets the minimum requirements or expectations for a given task or goal.

Restructure Agreement

Restructure Agreement involves modifying the terms or conditions of an existing contract or agreement to better meet the needs or circumstances of the parties involved.

Original Issue

The initial problem, topic, or matter that prompts a discussion or negotiation.

Problem-Solving Steps

A series of actions or procedures taken to find a solution to a particular issue or challenge.