Author Question: Entry causes ____ to increase and a firm's demand curve to ____. A) quantity supplied, fall. B) ... (Read 76 times)

nenivikky

  • Hero Member
  • *****
  • Posts: 516
Entry causes ____ to increase and a firm's demand curve to ____.
 A) quantity supplied, fall.
  B) supply, rise
  C) supply, fall.
  D) demand, rise.

Question 2

For a competitive firm
 A) price is equal to marginal revenue.
  B) price is less than marginal revenue.
  C) demand is less than marginal revenue.
  D) demand is less than average revenue but equal to marginal revenue.



sarah_brady415

  • Sr. Member
  • ****
  • Posts: 328
Answer to Question 1

C

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

Your chance of developing a kidney stone is 1 in 10. In recent years, approximately 3.7 million people in the United States were diagnosed with a kidney disease.

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

For a complete list of videos, visit our video library