« previous next »

Author Question: Competition is best characterized as A) a fully regulated set of market activities. B) a fair ... (Read 14 times)

iveyjurea

  • Hero Member
  • *****
  • Posts: 555
on: Jun 29, 2018
Competition is best characterized as
 
  A) a fully regulated set of market activities.
  B) a fair and just set of outcomes.
  C) a process of bids and offers.
  D) a necessary evil.

Question 2

Refer to the scenario above. If both firms operate to maximize profits, the:
 
  A) total cost of production is minimized.
  B) total combined profits are minimized.
  C) marginal cost of both firms are minimized.
  D) marginal cost of both firms are maximized.


mcabuhat

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

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?

The most common treatment options for addiction include psychotherapy, support groups, and individual counseling.

Did you know?

Everyone has one nostril that is larger than the other.

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

Photograph of an occupational therapist assisting a patient with learning independence in activities Photograph of an occupational therapist assisting a patient with learning independence in activities
Healed bone fractures can provide clues about activities and fresh fractures can yield information a Healed bone fractures can provide clues about activities and fresh fractures can yield information a
Cascade of regulated splicing that controls sex determination in Drosophila embr Cascade of regulated splicing that controls sex determination in Drosophila embr
A slave market in Marrakesh, Morocco. This lithograph is from the 1800s. A slave market in Marrakesh, Morocco. This lithograph is from the 1800s.
Finishing techniques for the back of the body. With the recipient fully draped, gently rock the body ... Finishing techniques for the back of the body. With the recipient fully draped, gently rock the body ...
Fun activities kids Fun activities kids
Video: Embryonic development - Week 3

For a complete list of videos, visit our video library