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

Author Question: If two small perfectly competitive firms merge, the merged firm will be: a. a price-taker. b. a ... (Read 129 times)

formula1

  • Hero Member
  • *****
  • Posts: 666
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.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

blazinlyss

  • Sr. Member
  • ****
  • Posts: 333
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

b


formula1

  • Member
  • Posts: 666
Reply 2 on: Jun 30, 2018
Excellent

daiying98

  • Member
  • Posts: 354
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Approximately one in three babies in the United States is now delivered by cesarean section. The number of cesarean sections in the United States has risen 46% since 1996.

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

The cotton-top tamarin (Saguinus oedipus), also known as the Pinche tamarin, is a small New W The cotton-top tamarin (Saguinus oedipus), also known as the Pinche tamarin, is a small New W
Small nuclear RNAs (snRNA), 100-200 bp in length, form part of the splicing mechanisms to process mR Small nuclear RNAs (snRNA), 100-200 bp in length, form part of the splicing mechanisms to process mR
Instruct the patient to use an applicator to apply a small amount of stool in the appropriate boxes ... Instruct the patient to use an applicator to apply a small amount of stool in the appropriate boxes ...
Appendix attached to cecum into which the small intestine empties. Appendix attached to cecum into which the small intestine empties.
Competitive firms and maximization Competitive firms and maximization
Video: Secondary and tertiary levels of protein structure Animation

For a complete list of videos, visit our video library