Author Question: If a firm reacts to other firms' market decisions by anticipating how the other will then react, ... (Read 45 times)

jake · **on:** Jun 30, 2018

If a firm reacts to other firms' market decisions by anticipating how the other will then react, this is:
a. not profit-maximizing behavior
b. a monopolistic competitive market
c. a market with a low concentration ratio
d. mutual interdependence
e. collusion by definition

Question 2

During the short run, a firm has enough time to adjust:
a. its technology.
b. its fixed inputs.
c. its variable inputs.
d. all of its inputs-both fixed and variable.