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

Author Question: If competing price searchers adjust their own prices on the basis of a close monitoring of their ... (Read 68 times)

nummyann

  • Hero Member
  • *****
  • Posts: 576
on: Jun 29, 2018
If competing price searchers adjust their own prices on the basis of a close monitoring of their rival's prices,
 
  A) all prices will tend to be the same, which proves prices are not competitive.
  B) all prices will tend to be the same, which proves sellers are not competing on price.
  C) each price searcher's demand curve will be indeterminate.
  D) prices will fluctuate regularly.
  E) prices will rise when costs increase but will not fall when costs decrease.

Question 2

Which of the following statements is true?
 
  A) A monopoly is a price taker because it faces a downward sloping demand curve.
  B) A monopoly is a price maker because it faces a downward sloping demand curve.
  C) A perfectly competitive firm is a price taker because it faces a downward sloping demand curve.
  D) A perfectly competitive firm is a price maker because it faces a downward sloping demand curve.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

alexanderhamilton

  • Sr. Member
  • ****
  • Posts: 334
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

B


nummyann

  • Member
  • Posts: 576
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

Hdosisshsbshs

  • Member
  • Posts: 315
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

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?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

A close-up of the migrating snails. A close-up of the migrating snails.
Beetle Leg close up Beetle Leg close up
Mosquito Eyes Up Close: Electron Microscope Image Creates Stunning View Of Insect Mosquito Eyes Up Close: Electron Microscope Image Creates Stunning View Of Insect
Atherosclerosis. (a) A sectioned coronary artery that exhibits an accumulation of fatty plaque, whic Atherosclerosis. (a) A sectioned coronary artery that exhibits an accumulation of fatty plaque, whic
Determining a good table height. Stand facing the table with your hands at your sides. Adjust the ... Determining a good table height. Stand facing the table with your hands at your sides. Adjust the ...
Packaging materials like zip-close bags, egg cartons, and takeout containers should be thrown away Packaging materials like zip-close bags, egg cartons, and takeout containers should be thrown away
Video: Retina

For a complete list of videos, visit our video library