« previous next »

Author Question: Which of the following is a necessary feature of the notion of the market as a competitive process ... (Read 35 times)

WhattoUnderstand

  • Hero Member
  • *****
  • Posts: 517
on: Jun 29, 2018
Which of the following is a necessary feature of the notion of the market as a competitive process and the model of perfect competition?
 
  A) Freedom of entry
  B) Price taking behavior
  C) Perfect and complete information
  D) All firms produce identical products.
  E) All of the above.

Question 2

Refer to the figure above. What is the price that the monopolistic firm would charge?
 
  A) 0
  B) 3
  C) 6
  D) 9


trog

  • Sr. Member
  • ****
  • Posts: 343
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

Certain topical medications such as clotrimazole and betamethasone are not approved for use in children younger than 12 years of age. They must be used very cautiously, as directed by a doctor, to treat any child. Children have a much greater response to topical steroid medications.

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

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

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

Five step nursing process Five step nursing process
Critical thinking and the process of planning care Critical thinking and the process of planning care
Palpating the mastoid process Palpating the mastoid process
Stock Market Question Stock Market Question
The steps in the process of creating a karyotype for chromosome analysis. The steps in the process of creating a karyotype for chromosome analysis.
Here we show the first three divisions of cleavage, a process that carves up a zygote’s cytoplasm. ... Here we show the first three divisions of cleavage, a process that carves up a zygote’s cytoplasm. ...
Video: Primary Active Transport - electrochemical gradient and ion transport / water movement

For a complete list of videos, visit our video library