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

Author Question: Which of the following four firms would most likely NOT be part of a perfectly competitive market? ... (Read 58 times)

LCritchfi

  • Hero Member
  • *****
  • Posts: 519
on: Jun 29, 2018
Which of the following four firms would most likely NOT be part of a perfectly competitive market?
 
  A) Mark sells his tomatoes at the local farmers market.
  B) The WaveHouse is the only place in San Diego where you can ride an indoor 10 foot wave.
  C) Village Pizza sells pizza in a college town.
  D) Space Age Fuel is a gas station in Bend, Oregon.

Question 2

Which of the following is TRUE about a perfect price discriminating monopolist?
 
  A) Price is greater than marginal revenue.
  B) Price always exceeds marginal cost.
  C) The firm makes zero economic profit.
  D) The firm produces the efficient level of output.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

lkanara2

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

D


LCritchfi

  • Member
  • Posts: 519
Reply 2 on: Jun 29, 2018
Wow, this really help

Dnite

  • Member
  • Posts: 297
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Did you know?

Asthma cases in Americans are about 75% higher today than they were in 1980.

Did you know?

Blood in the urine can be a sign of a kidney stone, glomerulonephritis, or other kidney problems.

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?

The most common childhood diseases include croup, chickenpox, ear infections, flu, pneumonia, ringworm, respiratory syncytial virus, scabies, head lice, and asthma.

Competitive drug enzyme immunoassay. Competitive drug enzyme immunoassay.
How to find the definite integral using the fundamental theorem of calculus (Part 1) How to find the definite integral using the fundamental theorem of calculus (Part 1)
How to use the laws of exponents to simplify an expression (Part 1) How to use the laws of exponents to simplify an expression (Part 1)
How to add and subtract algebraic fractions (Part 1) How to add and subtract algebraic fractions (Part 1)
Part 2 Part 2
Annotation of a DNA sequence containing part of the human beta-globin gene Annotation of a DNA sequence containing part of the human beta-globin gene
Video: Brain Lobes Animation

For a complete list of videos, visit our video library