« previous next »

Author Question: What is the profit maximization point for a firm in a purely competitive environment? a. The output ... (Read 31 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?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

Though Candida and Aspergillus species are the most common fungal pathogens causing invasive fungal disease in the immunocompromised, infections due to previously uncommon hyaline and dematiaceous filamentous fungi are occurring more often today. Rare fungal infections, once accurately diagnosed, may require surgical debridement, immunotherapy, and newer antifungals used singly or in combination with older antifungals, on a case-by-case basis.

Did you know?

Astigmatism is the most common vision problem. It may accompany nearsightedness or farsightedness. It is usually caused by an irregularly shaped cornea, but sometimes it is the result of an irregularly shaped lens. Either type can be corrected by eyeglasses, contact lenses, or refractive surgery.

Recombinants are meiotic output different from meiotic input Recombinants are meiotic output different from meiotic input
J. P. Morgan, the financial genius, staved off ruinous competition among steel firms by combining mo J. P. Morgan, the financial genius, staved off ruinous competition among steel firms by combining mo
British Output and Productivity Growth, 1760–1913 British Output and Productivity Growth, 1760–1913
Strategic Management and Competitive Advantage: Concepts and Cases, 6th Edition Strategic Management and Competitive Advantage: Concepts and Cases, 6th Edition
A spherical water tank with an inner radius of 4 m has its lowest point 3 m ... A spherical water tank with an inner radius of 4 m has its lowest point 3 m ...
Energy flows from the environment into living organisms, then back to the environment Energy flows from the environment into living organisms, then back to the environment
Video: Automated external defibrillator (AED)

For a complete list of videos, visit our video library