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

Author Question: Why is market definition important for economic decision making? A) A firm is interested in ... (Read 76 times)

renzo156

  • Hero Member
  • *****
  • Posts: 526
on: Jul 1, 2018
Why is market definition important for economic decision making?
 
  A) A firm is interested in knowing its actual and potential competitors.
  B) A firm will define its market in order to maximize revenue.
  C) Government regulators are interested in knowing the effect of mergers and acquisitions on competition and prices in a particular market.
  D) both A and C
  E) both A and B

Question 2

Based on Figure 3.2, it can be inferred that:
 
  A) Alvin does not consider good X as good.
  B) Alvin will never purchase any of good Y.
  C) Alvin regards good X and good Y as perfect substitutes.
  D) Alvin regards good X and good Y as perfect complements.
  E) none of the above


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Ddddd

  • Sr. Member
  • ****
  • Posts: 334
Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

D


renzo156

  • Member
  • Posts: 526
Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

ASDFGJLO

  • Member
  • Posts: 335
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Sharing patient information with colleagues is an important nursing role Sharing patient information with colleagues is an important nursing role
Important Trace Elements in the Body Important Trace Elements in the Body
Specific Nutrients and Behaviors Are Important during the First Trimester Specific Nutrients and Behaviors Are Important during the First Trimester
economic question economic question
economic question economic question
Contributions to political parties , by economic sector 2020 Contributions to political parties , by economic sector 2020
Video: Krebs cycle : Formation of acetyl coenzyme A and Electron transport chain

For a complete list of videos, visit our video library