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

Author Question: In which market structure(s) might firms produce an undifferentiated product? a. perfect ... (Read 90 times)

rachel9

  • Sr. Member
  • ****
  • Posts: 495
on: Jun 30, 2018
In which market structure(s) might firms produce an undifferentiated product?
 a. perfect competition only
  b. perfect competition and oligopoly
  c. monopolistic competition only
  d. perfect competition and monopolistic competition
  e. monopoly only

Question 2

The hiring of a brilliant tax lawyer by a firm that wants to find tax loopholes
 a. encourages economic efficiency by moving resources away from the government into the private sector
  b. encourages economic efficiency only if the firm's profit increases
  c. is an example of economic inefficiency caused by devoting resources to wealth redistribution rather than to production
  d. involves the firm in a zero-sum game against other firms
  e. involves the firm in a zero-sum game against the government


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

chereeb

  • Sr. Member
  • ****
  • Posts: 326
Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

C


rachel9

  • Member
  • Posts: 495
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

ashely1112

  • Member
  • Posts: 347
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

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.

Did you know?

The term bacteria was devised in the 19th century by German biologist Ferdinand Cohn. He based it on the Greek word "bakterion" meaning a small rod or staff. Cohn is considered to be the father of modern bacteriology.

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Examples of the most common X-ray positions and the images they produce. Examples of the most common X-ray positions and the images they produce.
Vienna: Social Structure and Social Interaction Vienna: Social Structure and Social Interaction
Vienna: Social Structure and Social Interaction Vienna: Social Structure and Social Interaction
Structure of the homodimeric thymidylate synthase from E. coli Structure of the homodimeric thymidylate synthase from E. coli
DNA composition and structure DNA composition and structure
Structure and function of the gills of a bony fish. Structure and function of the gills of a bony fish.
Video: Type of Transport - Active and Passive Processes

For a complete list of videos, visit our video library