This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Why is market definition important for economic decision making? A) A firm is interested in ... (Read 77 times)

renzo156

  • Hero Member
  • *****
  • Posts: 526
on: Jul 1, 2018
Why is market definition important for economic decision making?
 
  A) A firm is interested in knowing its actual and potential competitors.
  B) A firm will define its market in order to maximize revenue.
  C) Government regulators are interested in knowing the effect of mergers and acquisitions on competition and prices in a particular market.
  D) both A and C
  E) both A and B

Question 2

Based on Figure 3.2, it can be inferred that:
 
  A) Alvin does not consider good X as good.
  B) Alvin will never purchase any of good Y.
  C) Alvin regards good X and good Y as perfect substitutes.
  D) Alvin regards good X and good Y as perfect complements.
  E) none of the above


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Ddddd

  • Sr. Member
  • ****
  • Posts: 334
Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

D


renzo156

  • Member
  • Posts: 526
Reply 2 on: Jul 1, 2018
Gracias!

peter

  • Member
  • Posts: 330
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

Did you know?

Symptoms of kidney problems include a loss of appetite, back pain (which may be sudden and intense), chills, abdominal pain, fluid retention, nausea, the urge to urinate, vomiting, and fever.

Did you know?

Most childhood vaccines are 90–99% effective in preventing disease. Side effects are rarely serious.

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

The continents were not always in their present positions. The position of the continents is importa The continents were not always in their present positions. The position of the continents is importa
Abdominal thrusts are delivered with a firm thrust into the patient’s abdomen with an upward ... Abdominal thrusts are delivered with a firm thrust into the patient’s abdomen with an upward ...
Indicators of Relative Economic Well-Being Indicators of Relative Economic Well-Being
Economic value (Dollars per Hectare) of sustainable ecosystems Economic value (Dollars per Hectare) of sustainable ecosystems
Stock Market Tracks Growth in GDP Stock Market Tracks Growth in GDP
economic question economic question
Video: Ionic bonds - role of ions in the body

For a complete list of videos, visit our video library