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 71 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?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Did you know?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

Did you know?

Every flu season is different, and even healthy people can get extremely sick from the flu, as well as spread it to others. The flu season can begin as early as October and last as late as May. Every person over six months of age should get an annual flu vaccine. The vaccine cannot cause you to get influenza, but in some seasons, may not be completely able to prevent you from acquiring influenza due to changes in causative viruses. The viruses in the flu shot are killed—there is no way they can give you the flu. Minor side effects include soreness, redness, or swelling where the shot was given. It is possible to develop a slight fever, and body aches, but these are simply signs that the body is responding to the vaccine and making itself ready to fight off the influenza virus should you come in contact with it.

Unification of the Four Forces Unification of the Four Forces
As some groups do ethnic work, they produce a mythical long-lost heritage, as in this photo of ... As some groups do ethnic work, they produce a mythical long-lost heritage, as in this photo of ...
Work is done by an external agent Work is done by an external agent
What’s a Menstrual Cup and How Does It Work? What’s a Menstrual Cup and How Does It Work?
A 2-kg box of taffy candy has 40 J of potential energy relative to the ground. Its height above ... A 2-kg box of taffy candy has 40 J of potential energy relative to the ground. Its height above ...
The potential involvement of colchicine in doubling the chromosome number The potential involvement of colchicine in doubling the chromosome number
Video: Type of Transport - Active and Passive Processes

For a complete list of videos, visit our video library