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Author Question: If a firm is a profit maximizer and faces positive marginal costs, A) there is a natural limit to ... (Read 50 times)

imowrer

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on: Jul 1, 2018
If a firm is a profit maximizer and faces positive marginal costs,
 
  A) there is a natural limit to the size of the firm, where MR = 0.
  B) there is no natural limit to the size of the firm; it can be as large as it wants to be.
  C) there is a natural limit to the size of the firm, where MR > 0.
  D) there is no natural limit to the size of the firm, hence the need for government regulation.

Question 2

In a perfectly competitive market,
 
  A) firms can freely enter and exit.
  B) firms sell a differentiated product.
  C) transaction costs are high.
  D) All of the above.
Microeconomics ¦ Perloff ¦ 8th Edition
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orangecrush

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Reply #1 on: Jul 1, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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imowrer

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

Liamb2179

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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