« previous next »

Author Question: A perfectly competitive firm has no influence over price because: a. its output is insignificant ... (Read 83 times)

codyclark

  • Hero Member
  • *****
  • Posts: 538
on: Jun 30, 2018
A perfectly competitive firm has no influence over price because:
 a. its output is insignificant relative to the market as a whole.
  b. antitrust laws constrain perfectly competitive firms.
 c. consumers establish the prices of products.
 d. it is unaware of the demand curve it faces.

Question 2

When natural resources are commonly owned, the exhaustion of these resources are evenly spread over current and future periods.
 a. True
  b. False
  Indicate whether the statement is true or false


bfulkerson77

  • Sr. Member
  • ****
  • Posts: 331
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

False


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

Did you know?

The strongest synthetic topical retinoid drug available, tazarotene, is used to treat sun-damaged skin, acne, and psoriasis.

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

Non-competitive inhibition Non-competitive inhibition
The major cortical input and output pathways of the dorsolateral prefrontal association cortex. ... The major cortical input and output pathways of the dorsolateral prefrontal association cortex. ...
One-handed kneading. Tissues are lifted with the whole hand in firm contact. One-handed kneading. Tissues are lifted with the whole hand in firm contact.
Attitude and Influence Attitude and Influence
Calculator Output Calculator Output
"The Department of Agriculture came out today with its prediction for food price "The Department of Agriculture came out today with its prediction for food price
Video: Double Vacuum Process (Illustration No Audio)

For a complete list of videos, visit our video library