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Author Question: The market-clearing price is: a. the price at which the market is in equilibrium. b. the price at ... (Read 159 times)

kshipps

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on: Jun 30, 2018
The market-clearing price is:
 a. the price at which the market is in equilibrium.
  b. the price at which mutually beneficial trade take place.
  c. the price at which sellers earn the maximum profit.
  d. the price at which consumer surplus is zero.

Question 2

The only decision that a perfectly competitive firm makes is:
 a. what price to charge.
  b. what quantity to produce.
  c. how much to spend on advertisements.
  d. how much to discriminate on the basis of price.
  e. how to differentiate its products from its rivals.


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cuttiesgirl16

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

A

Answer to Question 2

b


kshipps

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Reply #2 on: Jun 30, 2018
Thank you :)


cuttiesgirl16

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Reply #3 on: Jun 30, 2018
Happy to help you


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