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Author Question: The long-run supply curve for a constant-cost perfectly competitive industry is a. a ray from the ... (Read 75 times)

clmills979

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on: Jun 30, 2018
The long-run supply curve for a constant-cost perfectly competitive industry is
 a. a ray from the origin at a 45-degree angle
  b. perfectly inelastic
  c. somewhat inelastic
  d. perfectly elastic
  e. declining

Question 2

Which of the following is not necessary for price discrimination to occur?
 a. a downward-sloping demand curve facing the firm
  b. control over price by the firm
  c. the firm can easily distinguish groups with different price elasticities
  d. the firm can easily prevent resale of the good by lower-price customers
  e. economies of scale exist


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efwsefaw

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Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

E


clmills979

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  • Posts: 551
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

apple

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Reply 3 on: Yesterday
Excellent

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