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Author Question: Refer to Figure 9.9. At free trade, domestic consumer surplus would be A) 20,000. B) 27,500. ... (Read 65 times)

Mr3Hunna

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on: Jul 1, 2018
Refer to Figure 9.9. At free trade, domestic consumer surplus would be
 
  A) 20,000.
  B) 27,500.
  C) 40,000,000.
  D) 45,000,000.
  E) 75,625,000.

Question 2

Which of following is a key assumption of a perfectly competitive market?
 
  A) Firms can influence market price.
  B) Commodities have few sellers.
  C) It is difficult for new sellers to enter the market.
  D) Each seller has a very small share of the market.
  E) none of the above


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tdewitt

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Reply #1 on: Jul 1, 2018
Answer to Question 1

E

Answer to Question 2

D


Mr3Hunna

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Reply 2 on: Jul 1, 2018
Gracias!

nathang24

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Reply 3 on: Yesterday
Wow, this really help

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