ECON 213 (ECON 213)

1. Points, Grades, and Levels Drag the labels below to fill in the blanks. (Hint: You saw most of this information on the introductory screen when you first started the activity. To view that screen again, click the gear icon in the top right-hand corner and select “Instructor Activity Introduction” from the drop-down menu.) Drag word(s) below to fill in the blank(s) in the passage. • You score points in InQuizitive by answering . • You determine how many points you can ga...

ECON 213 Review test questions and answers Quiz • Question 1 2 out of 2 points When talking about economic profits in a perfectly competitive market, the difference between the long run and the short run is that, in the short run, firms: . • Question 2 2 out of 2 points Refer to the accompanying table. A firm participating in a competitive market with these costs would be making a profit if the price is: • Question 3 2 out of 2 points If firms in a competitive mar...

Liberty University ECON 213 quiz 8 complete Answers • Question 1 2 out of 2 points When firms grow larger, they sometimes acquire more market power, meaning that they have greater ability to negotiate lower prices with their suppliers. This ability to negotiate lower prices with their suppliers leads to: • Question ...