« previous next »

Author Question: One difference between perfectly competitive markets and single-price monopoly markets is that A) ... (Read 145 times)

ARLKQ

  • Hero Member
  • *****
  • Posts: 571
on: Jun 29, 2018
One difference between perfectly competitive markets and single-price monopoly markets is that
 
  A) marginal revenue equals marginal cost for perfectly competitive firms, but not for monopolists.
  B) marginal revenue equals price for perfectly competitive firms, but not for single-price monopolists.
  C) marginal cost equals average variable cost for perfectly competitive firms but not for monopolists.
  D) All the above answers are correct.

Question 2

The above figure shows the market for hamburger. Which panel shows the effect of a drought in cattle country?
 
  A) Figure A
  B) Figure B
  C) Figure C
  D) Figure D


meow1234

  • Sr. Member
  • ****
  • Posts: 333
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

Did you know?

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

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

A single-gene model explains Mendel’s ratios A single-gene model explains Mendel’s ratios
Non-competitive inhibition Non-competitive inhibition
Difference between Functional and Cross-Functional team Difference between Functional and Cross-Functional team
How to Factor a Sum or Difference of Two Cubes How to Factor a Sum or Difference of Two Cubes
Graph showing oral administration of a single-dose drug. The time of onset is 2 hours and the end of ... Graph showing oral administration of a single-dose drug. The time of onset is 2 hours and the end of ...
Some obesity genes in the human genome. The green triangles represent single genes in which obesity Some obesity genes in the human genome. The green triangles represent single genes in which obesity
Video: Lactation and Breast Feeding

For a complete list of videos, visit our video library