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 134 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
:D TYSM

raenoj

  • Member
  • Posts: 340
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Did you know?

It is widely believed that giving a daily oral dose of aspirin to heart attack patients improves their chances of survival because the aspirin blocks the formation of new blood clots.

General structure of a plant cell General structure of a plant cell
Walter Thompson saw his assets evaporate during the stock market collapse in 1929. Desperate for ... Walter Thompson saw his assets evaporate during the stock market collapse in 1929. Desperate for ...
Steroid ring structure Steroid ring structure
How Much Food Does the World Produce Per Person? How Much Food Does the World Produce Per Person?
Structure and properties of pro-opiomelanocortin Structure and properties of pro-opiomelanocortin
Different Amino Acid Structure Different Amino Acid Structure
Video: Type of Cell Junctions - Desmosome, Hemidesmosomes and Gap Junctions

For a complete list of videos, visit our video library