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

Author Question: The demand for a product produced in a perfectly competitive market permanently increases. In the ... (Read 28 times)

cmoore54

  • Hero Member
  • *****
  • Posts: 568
on: Jun 29, 2018
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


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

djpooyouma

  • Sr. Member
  • ****
  • Posts: 325
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

A


cmoore54

  • Member
  • Posts: 568
Reply 2 on: Jun 29, 2018
Gracias!

bassamabas

  • Member
  • Posts: 294
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

Did you know?

According to research, pregnant women tend to eat more if carrying a baby boy. Male fetuses may secrete a chemical that stimulates their mothers to step up her energy intake.

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Did you know?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Rivers Are a Product of Their Watersheds Rivers Are a Product of Their Watersheds
A demand delivery system uses a fuel-pressure regulator attached to the fuel pump assembly inside ... A demand delivery system uses a fuel-pressure regulator attached to the fuel pump assembly inside ...
Product & Process Influences - Sterile Products Product & Process Influences - Sterile Products
The growth in demand for energy use is met by burning fossil fuels The growth in demand for energy use is met by burning fossil fuels
Closed and Open Food Product Dating Closed and Open Food Product Dating
Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ... Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ...
Video: The life cycle of protein

For a complete list of videos, visit our video library