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Author Question: The demand for a product produced in a perfectly competitive market permanently increases. In the ... (Read 69 times)

cmoore54

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on: Jun 29, 2018
The demand for a product produced in a perfectly competitive market permanently increases. In the short run, the price
 
  A) rises and each firm produces less output.
  B) rises and each firm produces more output.
  C) does not change as new firms enter the industry.
  D) does not change because each firm produces more output.

Question 2

Which of the following is TRUE for a perfect price-discriminating monopoly?
 
  A) P = MR for each unit sold
  B) P = ATC for each unit sold
  C) P = MC for each unit sold
  D) P > MC for each unit sold


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djpooyouma

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

B

Answer to Question 2

A


cmoore54

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

Joy Chen

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Reply 3 on: Yesterday
Excellent

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