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

Author Question: When comparing the market price of an input in a market characterized by bilateral monopoly to a ... (Read 73 times)

pane00

  • Hero Member
  • *****
  • Posts: 579
on: Jul 1, 2018
When comparing the market price of an input in a market characterized by bilateral monopoly to a perfectly competitive price
 
  A) the bilateral monopoly price is always higher than the competitive price.
  B) there is no difference; the bilateral monopoly price equals the competitive price.
  C) the bilateral monopoly price is always less than the competitive price.
  D) the bilateral monopoly price can be higher than, lower than, or equal to the competitive price.

Question 2

The perfect information assumption of perfect competition includes all of the following except one. Which one?
 
  A) Consumers know their preferences.
  B) Consumers know their income levels.
  C) Consumers know the prices available.
  D) Consumers can anticipate price changes.
  E) Firms know their costs, prices and technology.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

smrtceo

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

D


pane00

  • Member
  • Posts: 579
Reply 2 on: Jul 1, 2018
:D TYSM

bitingbit

  • Member
  • Posts: 323
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

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?

The eye muscles are the most active muscles in the whole body. The external muscles that move the eyes are the strongest muscles in the human body for the job they have to do. They are 100 times more powerful than they need to be.

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

Multiple sclerosis (MS). (a) A disease characterized by the gradual development of small areas of ha Multiple sclerosis (MS). (a) A disease characterized by the gradual development of small areas of ha
Walter Thompson saw his assets evaporate during the stock market collapse in 1929. Desperate for ... Walter Thompson saw his assets evaporate during the stock market collapse in 1929. Desperate for ...
Comparing Capitalism and Socialism Comparing Capitalism and Socialism
With input from sensory neurons, activation of the reticular activating system causes arousal of the ... With input from sensory neurons, activation of the reticular activating system causes arousal of the ...
Stock Market Tracks Growth in GDP Stock Market Tracks Growth in GDP
Your company advertises all prices on the menu board as a final price, including HST of 13%. A ... Your company advertises all prices on the menu board as a final price, including HST of 13%. A ...
Video: Hormonal regulation of pregnancy - week 1

For a complete list of videos, visit our video library