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Author Question: If two small perfectly competitive firms merge, the merged firm will be: a. a price-taker. b. a ... (Read 122 times)

formula1

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on: Jun 30, 2018
If two small perfectly competitive firms merge, the merged firm will be:
 a. a price-taker.
  b. a market leader.
  c. a price-discriminator.
  d. an oligopoly.

Question 2

Which of the following characteristics apply to both monopoly and monopolistic competition?
 a. Marginal revenue exceeds marginal cost at equilibrium.
 b. Average revenue exceeds both marginal cost and marginal revenue at equilibrium.
  c. Marginal revenue exceeds average revenue at equilibrium.
 d. Marginal revenue and marginal cost are equal and exceed price at equilibrium.


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blazinlyss

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

A

Answer to Question 2

b


formula1

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

dyrone

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

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