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

Author Question: When natural or legal forces work to protect a firm from potential competitors, the market is said ... (Read 112 times)

waynest

  • Hero Member
  • *****
  • Posts: 553
on: Jun 29, 2018
When natural or legal forces work to protect a firm from potential competitors, the market is said to have ________.
 
  A) non-competitive supply
  B) non-competitive entry
  C) barriers to entry
  D) restricted competition

Question 2

A perfectly competitive firm maximizes its profit by
 
  A) setting its price so that it exceeds the marginal revenue.
  B) choosing to produce the quantity that sets MC equal to MR.
  C) cutting wages.
  D) manipulating demand.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

emily12345

  • Sr. Member
  • ****
  • Posts: 321
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

B


waynest

  • Hero Member
  • *****
  • Posts: 553
Reply #2 on: Jun 29, 2018
Thank you


emily12345

  • Sr. Member
  • ****
  • Posts: 321
Reply #3 on: Jun 29, 2018
No problemo


« previous next »
 

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Did you know?

For pediatric patients, intravenous fluids are the most commonly cited products involved in medication errors that are reported to the USP.

Did you know?

After a vasectomy, it takes about 12 ejaculations to clear out sperm that were already beyond the blocked area.

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

Elephant work camp in Thailand. Elephants are used for heavy forest work and in circus presentations Elephant work camp in Thailand. Elephants are used for heavy forest work and in circus presentations
Men’s work? Women’s work? Customs in other societies can blow away stereotypes. As is common ... Men’s work? Women’s work? Customs in other societies can blow away stereotypes. As is common ...
Greet a First-Time Client With a Firm Handshake. Greet a First-Time Client With a Firm Handshake.
How to find the domain and range of natural logarithmic functions (Part 1) How to find the domain and range of natural logarithmic functions (Part 1)
Plan of Trajan's Forum and Market "خطة منتدى ترجان والسوق" Plan of Trajan's Forum and Market "خطة منتدى ترجان والسوق"
The term “natural,” when used on the packaging of meat and poultry The term “natural,” when used on the packaging of meat and poultry
Video: Barriers - eye structures, digestive mucosa, respiratory mucosa & genitourinary mucosa

For a complete list of videos, visit our video library