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

Author Question: Firms in perfectly competitive markets: a. are price takers. b. are price makers. c. influence ... (Read 106 times)

DelorasTo

  • Hero Member
  • *****
  • Posts: 548
on: Jun 30, 2018
Firms in perfectly competitive markets:
 a. are price takers.
 b. are price makers.
 c. influence price by varying the quality of output.
  d. sell heterogeneous products.

Question 2

Gold mining and the supply of gold depends not only on its price but also on the market rate of interest.
 a. True
  b. False
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

vickybb89

  • Sr. Member
  • ****
  • Posts: 347
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

True


DelorasTo

  • Member
  • Posts: 548
Reply 2 on: Jun 30, 2018
Wow, this really help

Dinolord

  • Member
  • Posts: 313
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Did you know?

There are 60,000 miles of blood vessels in every adult human.

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Rearing temperatures influence the pigmentation of the clear-winged grasshopper. Rearing temperatures influence the pigmentation of the clear-winged grasshopper.
A car wash reduced the price of a basic wash as a promotion and test of the market. With the ... A car wash reduced the price of a basic wash as a promotion and test of the market. With the ...
Competitive firms and maximization Competitive firms and maximization
The price of rice in a small country is currently $6 per pound. In order to help low-income ... The price of rice in a small country is currently $6 per pound. In order to help low-income ...
Sonal bought a coat for $198.88, which included 8% PST and 5% GST. What was the selling price ... Sonal bought a coat for $198.88, which included 8% PST and 5% GST. What was the selling price ...
Refer to Scenario 3.1. If the price of potato chips is $0.50 and the price of Cola is $4.00, ... Refer to Scenario 3.1. If the price of potato chips is $0.50 and the price of Cola is $4.00, ...
Video: Arthritis

For a complete list of videos, visit our video library