Microeconomics

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Which of the following would cause an increase in the supply of peanut butter? Started by karateprodigy	2 Replies 1,096 Views	Apr 3, 2020 by Sophia Rose Dauenhauer
If the demand for tennis shoes increases and a firm's supply curve is upward sloping, then: Started by maychende	4 Replies 470 Views	Mar 26, 2020 by rabih tawk
Sushi costs $3 per piece. Cynthia's total utility after eating one piece is 30 and her total utility ... Started by Alygatorr01285	2 Replies 546 Views	Mar 20, 2020 by Lauren Allysé Jones
Which of the following is not one of the five competitive forces? Started by mp14	2 Replies 458 Views	Mar 12, 2020 by Sandstorm
The table above shows Buffy's utility from wooden stakes and cloves of garlic. The total utility ... Started by captainjonesify	4 Replies 275 Views	Mar 12, 2020 by Sabin Bhandari
The price of coffee rose 40 percent and the quantity of coffee demanded fell by 20 percent. The ... Started by dejastew	4 Replies 396 Views	Feb 4, 2020 by Annika LaVina
A tax on labor income ________ the wage rate paid by employers, ________ the wage rate received by ... Started by altibaby	4 Replies 280 Views	Nov 15, 2019 by DorothyLAmour
Buyers in the market for used guitars are getting more pessimistic about the possibility of getting ... Started by 09madisonrousseau09	4 Replies 646 Views	Nov 14, 2019 by bobjones24
The graph shows the market for rental housing in Little Rock. The market for apartments is efficient when Started by go.lag	2 Replies 1,159 Views	Oct 27, 2019 by evykislen
If a monopolist's marginal revenue is $25 a unit and its marginal cost is $25, then Started by cagreen833	1 Replies 569 Views	Oct 8, 2019 by Ksanderson1296
If a monopolist's price is $50 per unit and its marginal cost is $25, then Started by Caiter2013	3 Replies 380 Views	Oct 8, 2019 by pratush dev
In discussions of barriers to entry, what is meant by the term "virtuous cycle"? Started by nautica902	3 Replies 512 Views	Oct 8, 2019 by asware1
The International Nickel Company of Canada is often cited as an example of monopoly. What was the ... Started by BrownTown3	1 Replies 327 Views	Oct 8, 2019 by macagn
A firm that is the only seller of a good or service that does not have a close substitute is called Started by sam.t96	3 Replies 498 Views	Oct 8, 2019 by krakiolit
For years, economists believed that market structure explained the ability of some firms to earn ... Started by @Brianna17	3 Replies 406 Views	Oct 8, 2019 by johnpizzaz
Collusion makes firms better off because if they act as a single entity (a cartel) they can reduce ... Started by Arii_bell	1 Replies 348 Views	Oct 8, 2019 by dajones82
An equilibrium in a game in which players pursue their own self-interest is called Started by stevenposner	3 Replies 315 Views	Oct 8, 2019 by Hikerman221
What is the incentive for a firm to join a cartel? Started by karateprodigy	1 Replies 207 Views	Oct 8, 2019 by zogaridan
What is a prisoner's dilemma? Started by laurencescou	3 Replies 234 Views	Oct 8, 2019 by Harbringer
If economies of scale are relatively important in an industry, the typical firm's Started by jc611	1 Replies 232 Views	Oct 8, 2019 by nixon_s
Oligopolies are difficult to analyze because Started by Anajune7	3 Replies 196 Views	Oct 8, 2019 by frankwu0507
Which of the following is an example of a factor that a firm's owners and managers can control in ... Started by lindiwe	1 Replies 170 Views	Oct 8, 2019 by memslove
Why would an organization as large as the National Football League (NFL) incur large legal expenses ... Started by abern	3 Replies 221 Views	Oct 8, 2019 by kxciann
What is the difference between the terms "marketing" and "advertising"? Started by lilldybug07	1 Replies 173 Views	Oct 8, 2019 by xiazhe
Economists have long debated whether there is a significant loss of well-being to society in markets ... Started by asan beg	3 Replies 312 Views	Oct 8, 2019 by nothere