The demand for a product produced in a perfectly competitive ...

[cmoore54]

The demand for a product produced in a perfectly competitive market permanently increases. In the short run, the price
 
  A) rises and each firm produces less output.
  B) rises and each firm produces more output.
  C) does not change as new firms enter the industry.
  D) does not change because each firm produces more output.

Question 2

Which of the following is TRUE for a perfect price-discriminating monopoly?
 
  A) P = MR for each unit sold
  B) P = ATC for each unit sold
  C) P = MC for each unit sold
  D) P > MC for each unit sold

[djpooyouma]

Answer to Question 1

B

Answer to Question 2

A

[cmoore54]

Thanks for the timely response, appreciate it

[ryhom]

Gracias!