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 28 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?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

Did you know?

More than 150,000 Americans killed by cardiovascular disease are younger than the age of 65 years.

Three Mile Island Nuclear Power Plant in PA. Three Mile Island Nuclear Power Plant in PA.
To maintain global power requires the continuous development of weapons. Shown here is the Osprey. ... To maintain global power requires the continuous development of weapons. Shown here is the Osprey. ...
Start the fuel injector cleaning process by bringing the vehicle’s engine up to operating ... Start the fuel injector cleaning process by bringing the vehicle’s engine up to operating ...
Power-tower in Southern California, largest such facility in the world Power-tower in Southern California, largest such facility in the world
Stock Market Question Stock Market Question
When operating your own business, it is wise to know your cost of capital and that of the ... When operating your own business, it is wise to know your cost of capital and that of the ...
Video: Causes of Angina

For a complete list of videos, visit our video library