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

Author Question: If a firm is a profit maximizer and faces positive marginal costs, A) there is a natural limit to ... (Read 87 times)

imowrer

  • Hero Member
  • *****
  • Posts: 514
on: Jul 1, 2018
If a firm is a profit maximizer and faces positive marginal costs,
 
  A) there is a natural limit to the size of the firm, where MR = 0.
  B) there is no natural limit to the size of the firm; it can be as large as it wants to be.
  C) there is a natural limit to the size of the firm, where MR > 0.
  D) there is no natural limit to the size of the firm, hence the need for government regulation.

Question 2

In a perfectly competitive market,
 
  A) firms can freely enter and exit.
  B) firms sell a differentiated product.
  C) transaction costs are high.
  D) All of the above.
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

orangecrush

  • Sr. Member
  • ****
  • Posts: 350
Reply #1 on: Jul 1, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 56% of students answer this correctly


imowrer

  • Member
  • Posts: 514
Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

flexer1n1

  • Member
  • Posts: 373
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

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.

Dentition, as illustrated in Knight's Sketches in Natural History Dentition, as illustrated in Knight's Sketches in Natural History
Action! Children love to talk about the actions of adults and animals, which provides a natural way ... Action! Children love to talk about the actions of adults and animals, which provides a natural way ...
Abdominal thrusts are delivered with a firm thrust into the patient’s abdomen with an upward ... Abdominal thrusts are delivered with a firm thrust into the patient’s abdomen with an upward ...
Natural Settings Natural Settings
Stages of Natural Fetal Birth "مراحل الولادة الطبيعية" Stages of Natural Fetal Birth "مراحل الولادة الطبيعية"
The term “natural,” when used on the packaging of meat and poultry The term “natural,” when used on the packaging of meat and poultry
Video: Resting membrane potential - electrical polarity and maintenance requirements

For a complete list of videos, visit our video library