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Author Question: Which of the following four firms would most likely NOT be part of a perfectly competitive market? ... (Read 36 times)

LCritchfi

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on: Jun 29, 2018
Which of the following four firms would most likely NOT be part of a perfectly competitive market?
 
  A) Mark sells his tomatoes at the local farmers market.
  B) The WaveHouse is the only place in San Diego where you can ride an indoor 10 foot wave.
  C) Village Pizza sells pizza in a college town.
  D) Space Age Fuel is a gas station in Bend, Oregon.

Question 2

Which of the following is TRUE about a perfect price discriminating monopolist?
 
  A) Price is greater than marginal revenue.
  B) Price always exceeds marginal cost.
  C) The firm makes zero economic profit.
  D) The firm produces the efficient level of output.


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lkanara2

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

D


LCritchfi

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

Jossy

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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