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

Author Question: As firms enter a perfectly competitive market, the price A) falls and the existing firms' ... (Read 117 times)

mydiamond

  • Hero Member
  • *****
  • Posts: 804
on: Jun 29, 2018
As firms enter a perfectly competitive market, the price
 
  A) falls and the existing firms' economic profits do not change.
  B) rises and the existing firms' economic profits decrease.
  C) falls and the existing firms' economic profits decrease.
  D) falls and the existing firms' economic losses do not change.

Question 2

In comparison to an employer in a competitive labor market, a monopsony employer pays a ________ wage rate and hires ________ workers.
 
  A) lower; fewer
  B) lower; more
  C) higher; more
  D) higher; fewer


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

pallen55

  • Sr. Member
  • ****
  • Posts: 331
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

A


mydiamond

  • Member
  • Posts: 804
Reply 2 on: Jun 29, 2018
Gracias!

xoxo123

  • Member
  • Posts: 335
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

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?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

Did you know?

Oliver Wendell Holmes is credited with introducing the words "anesthesia" and "anesthetic" into the English language in 1846.

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Eye ball perfectly labelled (map) Eye ball perfectly labelled (map)
Risk for falls Risk for falls
Firms Incorporated into U.S. Steel Firms Incorporated into U.S. Steel
A physician uses a portable electronic tablet to enter patient data while in the examination room. A physician uses a portable electronic tablet to enter patient data while in the examination room.
The steps in the hearing process. (1) Sound waves enter the outer ear and travel through the ear ... The steps in the hearing process. (1) Sound waves enter the outer ear and travel through the ear ...
Project Management: Achieving Competitive Advantage, 5th Edition Project Management: Achieving Competitive Advantage, 5th Edition
Video: Summary of female reproductive cycle days 1-28

For a complete list of videos, visit our video library