« previous next »

Author Question: Which of the following is a necessary feature of the notion of the market as a competitive process ... (Read 61 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?

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?

Medication errors are more common among seriously ill patients than with those with minor conditions.

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?

About 600,000 particles of skin are shed every hour by each human. If you live to age 70 years, you have shed 105 pounds of dead skin.

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

A hypothetical scenario illustrating the process of chemical selection A hypothetical scenario illustrating the process of chemical selection
Nursing diagnostic process Nursing diagnostic process
Process Flow Diagram of a Dual-Stage Pressure System Process Flow Diagram of a Dual-Stage Pressure System
Color mixtures of refracted light—additive process. Color mixtures of refracted light—additive process.
Competitive enzyme immunoassay. (a) Shows the uninhibited reaction and (b) shows the inhibited ... Competitive enzyme immunoassay. (a) Shows the uninhibited reaction and (b) shows the inhibited ...
Steps in the process of translation (Part 2) Steps in the process of translation (Part 2)
Video: Enzyme-Catalyzed Reactions

For a complete list of videos, visit our video library