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Author Question: Suppose XYZ Corp. is a profit-maximizing firm that is producing and selling 1 billion disposable ... (Read 98 times)

mccallkeeler

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on: Oct 12, 2022
Suppose XYZ Corp. is a profit-maximizing firm that is producing and selling 1 billion disposable wooden chopsticks per month at a price of $0.04 per unit. Further, suppose market demand for this product is 1.5 billion units per month. What can we conclude about market structure in this case?
◦ This is not a perfectly competitive market because XYZ Corp. is selling its product at a price that is not equal to marginal cost.
◦ This is a perfectly competitive market because the product is homogeneous.
◦ This is a perfectly competitive market because there is freedom of entry and exit in the industry.
◦ This is not a perfectly competitive market because XYZ Corp. is large relative to the size of the industry.
◦ This is not a perfectly competitive market because XYZ Corp. is small relative to the size of the industry.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by mccallkeeler on Oct 12, 2022

Asfa

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Reply #1 on: Oct 12, 2022
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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mccallkeeler

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Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

yeungji

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

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