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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

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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.


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orangecrush

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imowrer

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Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it


flexer1n1

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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