Economics (McConnell) AP Edition, 19th Edition

Chapter 9: Pure Competition in the Long Run

Web-based Questions

1
Long-run view of competition Do a web search at www.google.com for the website of the corporation of your choice. Find that corporation's annual report to stock-holders on the website. What does the report say about the corporation's view of future business challenges and the market in which it operates? Does this corporation see long-run adjustments as described in the chapter?
2
Entry and exit of firms—What is happening in construction? Go to the Census Bureau Web site at www.census.gov and select Economic Census, then 2007 Economic Census, Core Business Statistics and then Advance Comparative Statistics. For the Construction industry, what was the change in the number of establishments, receipts and payroll between 2002 and 2007? Is this trend likely to continue in the next Economic Census in 2012? Explain.
McConnell Economics Nineteenth Edition Large Cover Image
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