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

Author Question: Suppose XYZ Corp. is a profit-maximizing firm that is producing and selling 1 billion disposable ... (Read 70 times)

mccallkeeler

  • Full Member
  • ***
  • Posts: 149
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
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by mccallkeeler on Oct 12, 2022

Asfa

  • Full Member
  • ***
  • Posts: 166
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.
Answer Preview
Only 50% of students answer this correctly


mccallkeeler

  • Member
  • Posts: 149
Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

nothere

  • Member
  • Posts: 324
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Nitroglycerin is used to alleviate various heart-related conditions, and it is also the chief component of dynamite (but mixed in a solid clay base to stabilize it).

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

Did you know?

According to the Migraine Research Foundation, migraines are the third most prevalent illness in the world. Women are most affected (18%), followed by children of both sexes (10%), and men (6%).

Elle and associates investigated the cost to Datura wrightii of producing sticky leaf trichomes. Elle and associates investigated the cost to Datura wrightii of producing sticky leaf trichomes.
Gynecological instruments: disposable vaginal speculum. Gynecological instruments: disposable vaginal speculum.
Administering a Disposable Enema Administering a Disposable Enema
Greet a First-Time Client With a Firm Handshake. Greet a First-Time Client With a Firm Handshake.
The DNA from one chromosome has a mass of ~20 billion Daltons The DNA from one chromosome has a mass of ~20 billion Daltons
Suppose that we have a sample space with five equally likely experimental outcomes: E1, E2, E3, ... Suppose that we have a sample space with five equally likely experimental outcomes: E1, E2, E3, ...
Video: Introduction to Pre-eclampsia

For a complete list of videos, visit our video library