Microeconomics

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Market making a. is the action of bringing together high value buyers and low value sellers b. ... Started by Brittanyd9008	1 Replies 87 Views	Jul 1, 2018 by stano32
To earn profits, the market maker must a. bid high, ask low b. bid low, ask high c. equalize the ... Started by 809779	1 Replies 41 Views	Jul 1, 2018 by patma1981
A market maker faces the following demand and supply for widgets. Eleven buyers are willing to buy ... Started by jCorn1234	1 Replies 21 Views	Jul 1, 2018 by stano32
For a wheat farmer, the following factor(s) are uncontrollable a. Quality of the wheat b. Weather ... Started by piesebel	1 Replies 57 Views	Jul 1, 2018 by ambernicolefink
Natural Gas Boom Technological improvements in hydraulic fracturing, or Fracking, have decreased the ... Started by kellyjaisingh	1 Replies 73 Views	Jul 1, 2018 by Animal_Goddess
Gas and Coal Utility companies can use a mix of plants different energy sources to produce ... Started by rl	3 Replies 61 Views	Jul 1, 2018 by amandalm
Olive Oil Spain is the world's number 1 producer of olive oil, mostly in the southern Andalusia ... Started by hubes95	1 Replies 69 Views	Jul 1, 2018 by lorealeza77
Nutella and Hazelnuts A key ingredient of Nutella is hazelnuts which are grown mostly around the ... Started by mmm	1 Replies 19 Views	Jul 1, 2018 by Bsand8
Financial Innovation More and more of the back office tasks for commodity traders and market makers ... Started by burton19126	1 Replies 10 Views	Jul 1, 2018 by spencer.martell
All of these are characteristics of a competitive industry, except: a. Many substitutes b. No ... Started by jasdeep_brar	1 Replies 14 Views	Jul 1, 2018 by kxciann
Which of the following markets are closest to perfectly competitive a. The market for smart phones ... Started by sjones	1 Replies 30 Views	Jul 1, 2018 by poopface
A firm in a ______________ faces a __________ demand curve. a. perfectly competitive market; ... Started by s.tung	1 Replies 32 Views	Jul 1, 2018 by kaykay69
In the long-run, a perfectly competitive firm will achieve a. An average rate of return b. Above ... Started by BrownTown3	1 Replies 25 Views	Jul 1, 2018 by aloop
A perfectly competitive firm has a. A perfectly elastic demand for its products b. A perfectly ... Started by mspears3	3 Replies 311 Views	Jul 1, 2018 by upturnedfurball
Once the patent for a drug in the pharmaceutical industry expires, the market for the generic ... Started by vicotolentino	1 Replies 42 Views	Jul 1, 2018 by meganlapinski
In a competitive industry buffeted by demand and supply shocks, prices increase and decrease, but ... Started by melina_rosy	1 Replies 23 Views	Jul 1, 2018 by perkiness
A sudden fall in the market demand in a competitive industry leads to a. A short run market ... Started by mynx	1 Replies 30 Views	Jul 1, 2018 by Liddy
In a competitive industry a. firms produce a product or service with very close substitutes b. the ... Started by SGallaher96	1 Replies 49 Views	Jul 1, 2018 by Pariscourtney
In a competitive industry a. firms have no cost advantages b. some firms have cost advantages, ... Started by mynx	1 Replies 67 Views	Jul 1, 2018 by cclemon1
In a competitive industry a. the industry has high barriers to entry b. the industry has high ... Started by crobinson2013	1 Replies 130 Views	Jul 1, 2018 by Briannahope
In a competitive industry a. firms sell more if price is above marginal cost b. firms sell more is ... Started by bobbysung	1 Replies 91 Views	Jul 1, 2018 by TheDev123
In a competitive industry, the competitive firm's profits are a. independent of the industry in ... Started by rl	3 Replies 56 Views	Jul 1, 2018 by Kdiggy
Competitive firms can earn positive profits in the a. Long run only b. Long run and the short run ... Started by leilurhhh	1 Replies 36 Views	Jul 1, 2018 by C.mcnichol98
The main reason(s) firms in a competitive market cannot earn positive profits in the long run ... Started by jc611	1 Replies 33 Views	Jul 1, 2018 by meryzewe
The main reason(s) monopolies can earn positive profits for a while is(are) a. assets cannot ... Started by lak	1 Replies 26 Views	Jul 1, 2018 by Heffejeff