« previous next »

Author Question: A(n) _____ perceives the demand for its own output as horizontal at the market price, so it can ... (Read 67 times)

charchew

  • Hero Member
  • *****
  • Posts: 579
on: Jun 30, 2018
A(n) _____ perceives the demand for its own output as horizontal at the market price, so it can produce as much or as little as it wants without affecting that price.
 a. oligopolist
  b. monopsonist
  c. monopolist
  d. perfect competitor

Question 2

Above-normal profits earned by existing firms in a perfectly competitive market will eventually lead to:
 a. exit of the firms from the market.
  b. an increase in the market price of the good.
  c. entry of new firms into the market.
  d. a decrease in the aggregate supply.
  e. the existing firms emerging as price makers.


mcni194

  • Sr. Member
  • ****
  • Posts: 311
Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

c


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Did you know?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

Did you know?

Intradermal injections are somewhat difficult to correctly administer because the skin layers are so thin that it is easy to accidentally punch through to the deeper subcutaneous layer.

Did you know?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

MAP sensors use three wires: 1.5 volt reference from the PCM 2. Sensor signal (output signal) 3. ... MAP sensors use three wires: 1.5 volt reference from the PCM 2. Sensor signal (output signal) 3. ...
Reconnect the lower and upper back with horizontal stroking from lower back to shoulders. Keep flat, ... Reconnect the lower and upper back with horizontal stroking from lower back to shoulders. Keep flat, ...
Horizontal stroking to thigh from superior to inferior. Lift tissues as hands cross over top of ... Horizontal stroking to thigh from superior to inferior. Lift tissues as hands cross over top of ...
British Output and Productivity Growth, 1760–1913 British Output and Productivity Growth, 1760–1913
A(n) _____ is a spur-of-the-moment question. Fill in the blank(s) with correct word A(n) _____ is a spur-of-the-moment question. Fill in the blank(s) with correct word
Iraqi market Iraqi market
Video: Exercise and cardiac output & Definition of stroke volume

For a complete list of videos, visit our video library