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Author Question: Which of the following factors affect vertical integration of firms? a. The demand for the final ... (Read 84 times)

future617RT

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on: Jun 30, 2018
Which of the following factors affect vertical integration of firms?
 a. The demand for the final product in the market.
  b. The market power of each firm in an industry.
  c. The number of firms in an industry.
  d. The transaction cost at each stage of production.

Question 2

If a profit-maximizing monopolistic competitor earns positive economic profits in the short run:
 a. demand will become increasingly inelastic as new firms enter.
  b. the firm should increase its output as new firms enter.
 c. there must be barriers to entry into the industry.
 d. new firms will be attracted to the industry.
 e. both b. and d. are correct.


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juiceman1987

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Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

d


future617RT

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Reply 2 on: Jun 30, 2018
Wow, this really help

brbarasa

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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