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 65 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

mcarey591

  • Member
  • Posts: 365
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

Did you know?

For pediatric patients, intravenous fluids are the most commonly cited products involved in medication errors that are reported to the USP.

Terrestrial plants and animals can be characterized by analogous pathways for water gain and loss. Terrestrial plants and animals can be characterized by analogous pathways for water gain and loss.
(A) Normal spongy bone. (B) Spongy bone with osteoporosis, which is characterized by a loss of bone (A) Normal spongy bone. (B) Spongy bone with osteoporosis, which is characterized by a loss of bone
Cirrhosis. Cirrhosis is characterized by a chronic deterioration of the liver, replacing healthy cel Cirrhosis. Cirrhosis is characterized by a chronic deterioration of the liver, replacing healthy cel
Standing at the head of the table, apply oil or lotion to the entire back with bilateral stroking. ... Standing at the head of the table, apply oil or lotion to the entire back with bilateral stroking. ...
Stock Market Tracks Growth in GDP Stock Market Tracks Growth in GDP
Comparing uncontrolled and controlled energy release. Comparing uncontrolled and controlled energy release.
Video: The life cycle of protein

For a complete list of videos, visit our video library