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

Author Question: In a perfectly competitive market, which of the following determines the market price? A) market ... (Read 124 times)

michelleunicorn

  • Hero Member
  • *****
  • Posts: 565
on: Jun 29, 2018
In a perfectly competitive market, which of the following determines the market price?
 
  A) market demand and a firm's supply
  B) market supply and a firm's demand
  C) a firm's demand and its supply
  D) market demand and market supply

Question 2

A key difference between tariffs and quotas is that
 
  A) consumers are hurt with quotas but not with tariffs.
  B) consumers are hurt with tariffs but not with quotas.
  C) the government receives revenue with tariffs, but the importer receives added profit with quotas.
  D) the government receives revenue with quotas, but the importer receives added profit with tariffs.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Eazy416

  • Sr. Member
  • ****
  • Posts: 360
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


michelleunicorn

  • Member
  • Posts: 565
Reply 2 on: Jun 29, 2018
Wow, this really help

Laurenleakan

  • Member
  • Posts: 309
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

Did you know?

Medications that are definitely not safe to take when breastfeeding include radioactive drugs, antimetabolites, some cancer (chemotherapy) agents, bromocriptine, ergotamine, methotrexate, and cyclosporine.

Did you know?

More than 2,500 barbiturates have been synthesized. At the height of their popularity, about 50 were marketed for human use.

Did you know?

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

Did you know?

The FDA recognizes 118 routes of administration.

Non-competitive inhibition Non-competitive inhibition
Competitive drug enzyme immunoassay. Competitive drug enzyme immunoassay.
Main Hall, Trajan's Market Main Hall, Trajan's Market
Competitive firms and maximization Competitive firms and maximization
Iraqi market Iraqi market
Sonal bought a coat for $198.88, which included 8% PST and 5% GST. What was the selling price ... Sonal bought a coat for $198.88, which included 8% PST and 5% GST. What was the selling price ...
Video: Chemical Messengers Animation

For a complete list of videos, visit our video library