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Author Question: Usually the demand for labor decreases (that is, the demand for labor curve shifts leftward) if the ... (Read 75 times)

lunatika

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on: Jun 29, 2018
Usually the demand for labor decreases (that is, the demand for labor curve shifts leftward) if the
 
  A) wage rate increases.
  B) wage rate decreases.
  C) price of the firm's output rises.
  D) prices of other factors fall.

Question 2

In a sequential contestable market game
 
  A) a small number of firms can behave like firms in perfect competition.
  B) the outcome is always a monopoly equilibrium.
  C) the dominant firm always makes a monopoly profit, while other firms make zero economic profits.
  D) a firm that enters the market first is protected from potential entrants by natural barriers.


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amandalm

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

D

Answer to Question 2

A


lunatika

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

mammy1697

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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