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Author Question: A set of producers is competitive if: a. the good produced by one can be differentiated from the ... (Read 68 times)

anjilletteb

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on: Jun 30, 2018
A set of producers is competitive if:
 a. the good produced by one can be differentiated from the other.
  b. each supplies a complement of what the others produce.
  c. each supplies a substitute for what the others produce.
  d. the good produced by one can be used as an input by other producers.

Question 2

What causes the market supply curve to shift rightward?
 a. Increase in the aggregate demand
  b. Decrease in the number of existing firms
  c. Decrease in the price level
  d. Increase in the cost of production
  e. Entry of new firms


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amandalm

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Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

e


anjilletteb

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

pangili4

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

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