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 161 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?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Did you know?

Cucumber slices relieve headaches by tightening blood vessels, reducing blood flow to the area, and relieving pressure.

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

Did you know?

The heart is located in the center of the chest, with part of it tipped slightly so that it taps against the left side of the chest.

Although average brain size increases gradually though time in H. erectus, individuals with small br Although average brain size increases gradually though time in H. erectus, individuals with small br
The level of emissions from transport in the United States is twice as high as the global average The level of emissions from transport in the United States is twice as high as the global average
Overallocation of Labor to Farming When Farmworkers Are Paid Their Average Product Overallocation of Labor to Farming When Farmworkers Are Paid Their Average Product
Price of Computers, 1982–2010 Price of Computers, 1982–2010
Average Surface Air Pressure – July Average Surface Air Pressure – July
The average percentages by polygraph exams The average percentages by polygraph exams
Video: Krebs cycle : Formation of acetyl coenzyme A and Electron transport chain

For a complete list of videos, visit our video library