Author Question: Which of the following would be consistent with the notion of a competitive market process, but ... (Read 27 times)

clippers!

  • Hero Member
  • *****
  • Posts: 828
Which of the following would be consistent with the notion of a competitive market process, but would be inconsistent with the notion of perfect competition?
 
  A) Cost-plus-markup pricing
  B) Freedom of entry
  C) Price taking behavior
  D) Large numbers of buyers and sellers
  E) All of the above.

Question 2

Which of the following is most likely to occur if a price-takers' market displaces a price-searchers' market?
 
  A) Costs will be higher.
  B) Efficiency will be less.
  C) Net revenue will be larger.
  D) Output will be larger.
  E) Prices will be higher.



lucas dlamini

  • Sr. Member
  • ****
  • Posts: 327
Answer to Question 1

A

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

Did you know?

Thyroid conditions may make getting pregnant impossible.

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

For a complete list of videos, visit our video library