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 97 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
:D TYSM

Alyson.hiatt@yahoo.com

  • Member
  • Posts: 354
Reply 3 on: Yesterday
Excellent

« previous next »
 

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?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Comparison of small subunit (SSU) rRNA gene sequences from three animals and a protist. Comparison of small subunit (SSU) rRNA gene sequences from three animals and a protist.
The small-scale distribution of different tree species in a Douglas-fir forest is determined by both The small-scale distribution of different tree species in a Douglas-fir forest is determined by both
Small intestine, micro organisms Small intestine, micro organisms
Measuring the Head Circumference of an Infant or Small Child Measuring the Head Circumference of an Infant or Small Child
The hazmat training pyramid. It is important to train from the ground up, starting with a firm grasp ... The hazmat training pyramid. It is important to train from the ground up, starting with a firm grasp ...
The Scale of the Very Small and Very Large: Powers of 10 The Scale of the Very Small and Very Large: Powers of 10
Video: Pressure volume relationships - Normal inspiration and expiration

For a complete list of videos, visit our video library