« previous next »

Author Question: If marginal revenue is less than price for a firm, it must be true that the firm a. is a monopoly ... (Read 75 times)

KWilfred

  • Hero Member
  • *****
  • Posts: 570
on: Jun 30, 2018
If marginal revenue is less than price for a firm, it must be true that the firm
 a. is a monopoly
  b. is in perfect competition
  c. is in monopolistic competition
  d. faces a perfectly elastic demand curve
  e. faces a downward-sloping demand curve

Question 2

Dairy price supports result in a redistribution of welfare from consumers to dairy farmers.
 a. True
  b. False


Beatricemm

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Jun 30, 2018
Answer to Question 1

E

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

Did you know?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

Did you know?

The most common treatment options for addiction include psychotherapy, support groups, and individual counseling.

Did you know?

Approximately 70% of expectant mothers report experiencing some symptoms of morning sickness during the first trimester of pregnancy.

Did you know?

Certain topical medications such as clotrimazole and betamethasone are not approved for use in children younger than 12 years of age. They must be used very cautiously, as directed by a doctor, to treat any child. Children have a much greater response to topical steroid medications.

True-color image of layers of haze in Titan's atmosphere. True-color image of layers of haze in Titan's atmosphere.
True Forget-Me-Not True Forget-Me-Not
U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994 U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994
True Dover Sole True Dover Sole
A diagram showing one of Mendel’s crosses. True-breeding strains of pea plants with smooth and ... A diagram showing one of Mendel’s crosses. True-breeding strains of pea plants with smooth and ...
"The Department of Agriculture came out today with its prediction for food price "The Department of Agriculture came out today with its prediction for food price
Video: Sickle Cell Anemia

For a complete list of videos, visit our video library