« previous next »

Author Question: Which of the following would be consistent with the notion of a competitive market process, but ... (Read 82 times)

clippers!

  • Hero Member
  • *****
  • Posts: 828
on: Jun 29, 2018
Which of the following would be consistent with the notion of a competitive market process, but would be inconsistent with the notion of perfect competition?
 
  A) Cost-plus-markup pricing
  B) Freedom of entry
  C) Price taking behavior
  D) Large numbers of buyers and sellers
  E) All of the above.

Question 2

Which of the following is most likely to occur if a price-takers' market displaces a price-searchers' market?
 
  A) Costs will be higher.
  B) Efficiency will be less.
  C) Net revenue will be larger.
  D) Output will be larger.
  E) Prices will be higher.


lucas dlamini

  • Sr. Member
  • ****
  • Posts: 327
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Vampire bats have a natural anticoagulant in their saliva that permits continuous bleeding after they painlessly open a wound with their incisors. This capillary blood does not cause any significant blood loss to their victims.

Did you know?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

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?

Multiple experimental evidences have confirmed that at the molecular level, cancer is caused by lesions in cellular DNA.

This modified model of Easton’s systems theory puts government decision makers as the source of pol This modified model of Easton’s systems theory puts government decision makers as the source of pol
The process of urine formation. The process of urine formation.
The healing process of a bone. The healing process of a bone.
Before starting the process of adjusting the valves, look up the specifications and exact ... Before starting the process of adjusting the valves, look up the specifications and exact ...
The Process of Sperm Formation The Process of Sperm Formation
Juan's Software Service Company is in a perfectly competitive market. Juan has total fixed ... Juan's Software Service Company is in a perfectly competitive market. Juan has total fixed ...
Video: Epidural Hematoma

For a complete list of videos, visit our video library