« previous next »

Author Question: Which of the following is true about perfect competition? a. Since a perfectly competitive seller ... (Read 13 times)

jman1234

  • Hero Member
  • *****
  • Posts: 560
on: Jun 30, 2018
Which of the following is true about perfect competition?
 a. Since a perfectly competitive seller can sell all he wants at the market price, her demand curve is horizontal at the market price over the entire range of output that she could possibly produce.
  b. Because perfectly competitive markets have many buyers and sellers, each firm is so small in relation to the industry that its production decisions have no impact on the market.
  c. Perfectly competitive markets have easy entry and exit.
 d. All of the above are true about perfect competition.

Question 2

Which of the following transfer programs in the U.S. is funded by a national tax but administered by state governments?
 a. Social security
  b. Veterans' Administration Benefit program
  c. Unemployment insurance
  d. Food stamps
  e. National Guard activities


Liddy

  • Sr. Member
  • ****
  • Posts: 342
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

c


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

Did you know?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

Did you know?

Blood in the urine can be a sign of a kidney stone, glomerulonephritis, or other kidney problems.

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

Apparent and True Orbits of Alpha Centauri. Apparent and True Orbits of Alpha Centauri.
Richard Wrangham’s “female-bonded” theory of intergroup competition was highly influential in our un Richard Wrangham’s “female-bonded” theory of intergroup competition was highly influential in our un
Competitive inhibitor Competitive inhibitor
A substrate and its competitive inhibitor A substrate and its competitive inhibitor
Perfect logistic curves Perfect logistic curves
Juan's Software Service Company is in a perfectly competitive market. Juan has total fixed ... Juan's Software Service Company is in a perfectly competitive market. Juan has total fixed ...
Video: Proteins

For a complete list of videos, visit our video library