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

Author Question: If all firms are profit maximizers, then the following is assured: (Read 325 times)

0220521

  • Full Member
  • ***
  • Posts: 130
on: Oct 12, 2022

Question 1

Which of the following is an example of an industry that succeeds in formally restricting entry, thereby maintaining prices above competitive levels?
◦ dentistry
◦ book publishing
◦ transport trucking
◦ window washing
◦ beef cattle ranching

Question 2

If all firms are profit maximizers, then the following is assured:
◦ that the economy is operating inside the production possibilities boundary.
◦ that firms attain the lowest possible average costs.
◦ each firm is productively efficient.
◦ allocative and productive efficiency.
◦ allocative efficiency.
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 0220521 on Oct 12, 2022

mllong

  • Full Member
  • ***
  • Posts: 150
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 56% of students answer this correctly


0220521

  • Member
  • Posts: 130
Reply 2 on: Oct 12, 2022
Wow, this really help

tkempin

  • Member
  • Posts: 332
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

The horizontal fraction bar was introduced by the Arabs.

Did you know?

Though “Krazy Glue” or “Super Glue” has the ability to seal small wounds, it is not recommended for this purpose since it contains many substances that should not enter the body through the skin, and may be harmful.

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Firms Incorporated into U.S. Steel Firms Incorporated into U.S. Steel
Satisfaction of Maximizers and Satisficers Satisfaction of Maximizers and Satisficers
John F. Kennedy, comfortable and assured, was more telegenic than Richard M. Nixon in the 1960 ... John F. Kennedy, comfortable and assured, was more telegenic than Richard M. Nixon in the 1960 ...
A company that sells sweatshirts finds that the profit can be modelled by P(s)= ... A company that sells sweatshirts finds that the profit can be modelled by P(s)= ...
The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ... The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ...
Competitive firms and maximization Competitive firms and maximization
Video: Osmosis - Isotonic, Hypotonic, and Hypertonic​ Solutions

For a complete list of videos, visit our video library