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

Author Question: Firms in perfectly competitive markets: a. are price takers. b. are price makers. c. influence ... (Read 109 times)

DelorasTo

  • Hero Member
  • *****
  • Posts: 548
on: Jun 30, 2018
Firms in perfectly competitive markets:
 a. are price takers.
 b. are price makers.
 c. influence price by varying the quality of output.
  d. sell heterogeneous products.

Question 2

Gold mining and the supply of gold depends not only on its price but also on the market rate of interest.
 a. True
  b. False
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

vickybb89

  • Sr. Member
  • ****
  • Posts: 347
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

True


DelorasTo

  • Member
  • Posts: 548
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

ASDFGJLO

  • Member
  • Posts: 335
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Did you know?

Looking at the sun may not only cause headache and distort your vision temporarily, but it can also cause permanent eye damage. Any exposure to sunlight adds to the cumulative effects of ultraviolet (UV) radiation on your eyes. UV exposure has been linked to eye disorders such as macular degeneration, solar retinitis, and corneal dystrophies.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

This modified model of Easton’s systems theory puts government decision makers as the source of pol This modified model of Easton’s systems theory puts government decision makers as the source of pol
Three factors that influence the distribution of Na+ and K+ ions across the neural membrane. Three factors that influence the distribution of Na+ and K+ ions across the neural membrane.
Competitive drug enzyme immunoassay. Competitive drug enzyme immunoassay.
The "Yes - Markets Self-Adjust" and "No - Markets Fail Often" camps agree The "Yes - Markets Self-Adjust" and "No - Markets Fail Often" camps agree
Competitive firms and maximization Competitive firms and maximization
Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ... Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ...
Video: Stroke volume - contractility definition

For a complete list of videos, visit our video library