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 80 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
Excellent

tuate

  • Member
  • Posts: 332
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

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.

Competitive inhibition Competitive inhibition
Non-competitive inhibition Non-competitive inhibition
Running time on 100-meter sprint for men and women master athletes increases with age. Source: Korho Running time on 100-meter sprint for men and women master athletes increases with age. Source: Korho
Competitive inhibitor Competitive inhibitor
Find derivative using product rule Find derivative using product rule
Video: Simple Diffusion - gases and nonpolar compounds transport

For a complete list of videos, visit our video library