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

Author Question: In perfect competition, firms enter the market whenever the market price exceeds the minimum average ... (Read 178 times)

deesands

  • Hero Member
  • *****
  • Posts: 514
on: Jun 29, 2018
In perfect competition, firms enter the market whenever the market price exceeds the minimum average variable cost.
 
  Indicate whether the statement is true or false

Question 2

In the above figure, if the market is competitive and unregulated, output will be
 
  A) zero.
  B) 50 units per week.
  C) 150 units per week.
  D) 250 units per week.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

batool

  • Sr. Member
  • ****
  • Posts: 320
Reply #1 on: Jun 29, 2018
Answer to Question 1

FALSE

Answer to Question 2

C


deesands

  • Hero Member
  • *****
  • Posts: 514
Reply #2 on: Jun 29, 2018
Correct answers!


batool

  • Sr. Member
  • ****
  • Posts: 320
Reply #3 on: Jun 29, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Eating food that has been cooked with poppy seeds may cause you to fail a drug screening test, because the seeds contain enough opiate alkaloids to register as a positive.

Did you know?

Complications of influenza include: bacterial pneumonia, ear and sinus infections, dehydration, and worsening of chronic conditions such as asthma, congestive heart failure, or diabetes.

Did you know?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

Did you know?

Street names for barbiturates include reds, red devils, yellow jackets, blue heavens, Christmas trees, and rainbows. They are commonly referred to as downers.

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896 Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896
Average Global Temperature Rise over the Past Century Average Global Temperature Rise over the Past Century
Average Pulse Rates by Age Average Pulse Rates by Age
Biking competition in the park Biking competition in the park
In 2000, the average charge of tax preparation was 95 . Assuming a normal distribution and a ... In 2000, the average charge of tax preparation was 95 . Assuming a normal distribution and a ...
Calculate the weighted-average cost of the following inventory purchases:DateQuantity ... Calculate the weighted-average cost of the following inventory purchases:DateQuantity ...
Video: How a Urinalysis is Performed

For a complete list of videos, visit our video library