« previous next »

Author Question: What is the profit maximization point for a firm in a purely competitive environment? a. The output ... (Read 22 times)

deesands

  • Hero Member
  • *****
  • Posts: 514
on: Jul 1, 2018
What is the profit maximization point for a firm in a purely competitive environment?
 a. The output where P = MC
  b. The output where P < MC
  c. The output where P > MC
  d. The output where MR = MC
  e. The output where AVC < P

Question 2

Vertical contracts between manufacturers and retailers often aim to
 a. Incentivize the retailers to undertake costly activities, which they otherwise may not realize the full benefits of on their own
  b. Reward the manufacturer for undertaking the risk inherent in introducing a new product
 c. Serve as a signal of the retailer's belief of the likely success of his product
 d. All of the above


ciecieme

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

a

Answer to Question 2

a


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

Immunoglobulin injections may give short-term protection against, or reduce severity of certain diseases. They help people who have an inherited problem making their own antibodies, or those who are having certain types of cancer treatments.

Did you know?

Adult head lice are gray, about ? inch long, and often have a tiny dot on their backs. A female can lay between 50 and 150 eggs within the several weeks that she is alive. They feed on human blood.

Overview of gas exchange between the environment, blood, and cells. Overview of gas exchange between the environment, blood, and cells.
Adaptations to the Environment Adaptations to the Environment
Caregivers’ responses sometimes help a child with strong emotions adapt to the environment. Caregivers’ responses sometimes help a child with strong emotions adapt to the environment.
Human impacts and the built environment Human impacts and the built environment
Economic activity as viewed by environment and ecological economists Economic activity as viewed by environment and ecological economists
Relationship Between the Atlas and the Axis. The Dens of the Axis Provides a Pivotal Point Around Wh Relationship Between the Atlas and the Axis. The Dens of the Axis Provides a Pivotal Point Around Wh
Video: Fertilization and Development

For a complete list of videos, visit our video library