« previous next »

Author Question: Which of the following is a necessary feature of the notion of the market as a competitive process ... (Read 68 times)

WhattoUnderstand

  • Hero Member
  • *****
  • Posts: 517
on: Jun 29, 2018
Which of the following is a necessary feature of the notion of the market as a competitive process and the model of perfect competition?
 
  A) Freedom of entry
  B) Price taking behavior
  C) Perfect and complete information
  D) All firms produce identical products.
  E) All of the above.

Question 2

Refer to the figure above. What is the price that the monopolistic firm would charge?
 
  A) 0
  B) 3
  C) 6
  D) 9


trog

  • Sr. Member
  • ****
  • Posts: 343
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The first oral chemotherapy drug for colon cancer was approved by FDA in 2001.

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Did you know?

Carbamazepine can interfere with the results of home pregnancy tests. If you are taking carbamazepine, do not try to test for pregnancy at home.

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

Did you know?

The longest a person has survived after a heart transplant is 24 years.

Non-competitive inhibition Non-competitive inhibition
Critical thinking and the assessent process Critical thinking and the assessent process
Critial thinking and the nursing diagnostic process Critial thinking and the nursing diagnostic process
Model of the Reading Process Model of the Reading Process
The Drug Development Process The Drug Development Process
In a metallurgical process the mineral pyrite, FeS2, is roasted in air: FeS2 + O2 Fe2O3 + ... In a metallurgical process the mineral pyrite, FeS2, is roasted in air: FeS2 + O2 Fe2O3 + ...
Video: How antibiotics works? 💊

For a complete list of videos, visit our video library