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Author Question: If a firm reacts to other firms' market decisions by anticipating how the other will then react, ... (Read 77 times)

jake

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on: Jun 30, 2018
If a firm reacts to other firms' market decisions by anticipating how the other will then react, this is:
 a. not profit-maximizing behavior
  b. a monopolistic competitive market
  c. a market with a low concentration ratio
  d. mutual interdependence
  e. collusion by definition

Question 2

During the short run, a firm has enough time to adjust:
 a. its technology.
  b. its fixed inputs.
  c. its variable inputs.
  d. all of its inputs-both fixed and variable.


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gstein359

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

d

Answer to Question 2

c


jake

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Reply 2 on: Jun 30, 2018
Excellent

marict

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Reply 3 on: Yesterday
Wow, this really help

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