This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The demand for a product produced in a perfectly competitive market permanently increases. In the ... (Read 30 times)

cmoore54

  • Hero Member
  • *****
  • Posts: 568
on: Jun 29, 2018
The demand for a product produced in a perfectly competitive market permanently increases. In the short run, the price
 
  A) rises and each firm produces less output.
  B) rises and each firm produces more output.
  C) does not change as new firms enter the industry.
  D) does not change because each firm produces more output.

Question 2

Which of the following is TRUE for a perfect price-discriminating monopoly?
 
  A) P = MR for each unit sold
  B) P = ATC for each unit sold
  C) P = MC for each unit sold
  D) P > MC for each unit sold


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

djpooyouma

  • Sr. Member
  • ****
  • Posts: 325
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

A


cmoore54

  • Member
  • Posts: 568
Reply 2 on: Jun 29, 2018
Excellent

robbielu01

  • Member
  • Posts: 336
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Multiple experimental evidences have confirmed that at the molecular level, cancer is caused by lesions in cellular DNA.

Did you know?

The most common childhood diseases include croup, chickenpox, ear infections, flu, pneumonia, ringworm, respiratory syncytial virus, scabies, head lice, and asthma.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

An intra-aortic balloon pump increases circulation to the coronary arteries and decreases the worklo An intra-aortic balloon pump increases circulation to the coronary arteries and decreases the worklo
Competitive inhibition Competitive inhibition
Aphasic Syndromes Produced by Brain Damage Aphasic Syndromes Produced by Brain Damage
An AC voltage is produced by a magnetic sensor. Most sensors should produce at least 0.1 volt AC ... An AC voltage is produced by a magnetic sensor. Most sensors should produce at least 0.1 volt AC ...
the transamination product of tryptophan is decarboxylated to yield indole-3-acetic acid, or auxin the transamination product of tryptophan is decarboxylated to yield indole-3-acetic acid, or auxin
Economic recession in 2008 saw a small decrease in demand Economic recession in 2008 saw a small decrease in demand
Video: Genetic distance between human groups

For a complete list of videos, visit our video library