Author Question: In long-run equilibrium, all firms in a pure competition market situation operating under a ... (Read 117 times)

Yolanda · **on:** Jul 1, 2018

In long-run equilibrium, all firms in a pure competition market situation operating under a condition of certainty will have identical costs even though they may use different production and operation techniques.
a. true b. false

Question 2

Vertical integration often aims to
a. Prevent the retailers from defeating upstream price discrimination through arbitrage
b. Avoid paying higher taxes
c. Serve as a signal of the manufacturer's belief of the likely success of his product
d. All of the above