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

Author Question: If a firm has substantial market power, it must be operating in an industry that would be classified ... (Read 76 times)

hbsimmons88

  • Hero Member
  • *****
  • Posts: 526
on: Jun 30, 2018
If a firm has substantial market power, it must be operating in an industry that would be classified as:
 a. a monopoly or oligopoly.
  b. perfectly competitive.
  c. monopolistically competitive.
  d. perfectly competitive or monopolistically competitive.
  e. perfectly competitive or a monopoly.

Question 2

The short run is a period of time:
 a. in which a firm uses at least one fixed input.
  b. that is long enough to permit changes in the firm's plant size.
  c. in which production occurs within one year.
  d. in which production occurs within six months.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

31809pancho

  • Sr. Member
  • ****
  • Posts: 317
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

a


hbsimmons88

  • Hero Member
  • *****
  • Posts: 526
Reply #2 on: Jun 30, 2018
Thank you :)


31809pancho

  • Sr. Member
  • ****
  • Posts: 317
Reply #3 on: Jun 30, 2018
Happy to help you


« previous next »
 

Did you know?

Alcohol acts as a diuretic. Eight ounces of water is needed to metabolize just 1 ounce of alcohol.

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

A comparison of the sizes of various chemical and biological structures, and the resolving power of A comparison of the sizes of various chemical and biological structures, and the resolving power of
combined-cycle power plant combined-cycle power plant
An example of a cover letter sent in response to a classified ad. An example of a cover letter sent in response to a classified ad.
Gently squeeze/milk the arm with twisting motion. With oil or lotion on hands, use gentle but firm ... Gently squeeze/milk the arm with twisting motion. With oil or lotion on hands, use gentle but firm ...
Social Problems: A Critical Power-Conflict Perspective Social Problems: A Critical Power-Conflict Perspective
The Power of Classical Conditioning The Power of Classical Conditioning
Video: Introduction to Pre-eclampsia

For a complete list of videos, visit our video library