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

Author Question: When natural or legal forces work to protect a firm from potential competitors, the market is said ... (Read 105 times)

waynest

  • Hero Member
  • *****
  • Posts: 553
on: Jun 29, 2018
When natural or legal forces work to protect a firm from potential competitors, the market is said to have ________.
 
  A) non-competitive supply
  B) non-competitive entry
  C) barriers to entry
  D) restricted competition

Question 2

A perfectly competitive firm maximizes its profit by
 
  A) setting its price so that it exceeds the marginal revenue.
  B) choosing to produce the quantity that sets MC equal to MR.
  C) cutting wages.
  D) manipulating demand.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

emily12345

  • Sr. Member
  • ****
  • Posts: 321
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

B


waynest

  • Hero Member
  • *****
  • Posts: 553
Reply #2 on: Jun 29, 2018
Thank you


emily12345

  • Sr. Member
  • ****
  • Posts: 321
Reply #3 on: Jun 29, 2018
No problemo


« previous next »
 

Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

Did you know?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Dentition, as illustrated in Knight's Sketches in Natural History Dentition, as illustrated in Knight's Sketches in Natural History
Natural Products Natural Products
The averaging of an auditory evoked potential. Averaging increases the signal-to-noise ratio. The averaging of an auditory evoked potential. Averaging increases the signal-to-noise ratio.
Stages of Natural Birth "مراحل الولادة الطبيعية" Stages of Natural Birth "مراحل الولادة الطبيعية"
Action Potential Membrane Potential Action Potential Membrane Potential
The phases of the action potential The phases of the action potential
Video: What are Taste Receptors? How Does it Work? Animation

For a complete list of videos, visit our video library