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

Author Question: In which market structure(s) might firms produce an undifferentiated product? a. perfect ... (Read 135 times)

rachel9

  • Sr. Member
  • ****
  • Posts: 495
on: Jun 30, 2018
In which market structure(s) might firms produce an undifferentiated product?
 a. perfect competition only
  b. perfect competition and oligopoly
  c. monopolistic competition only
  d. perfect competition and monopolistic competition
  e. monopoly only

Question 2

The hiring of a brilliant tax lawyer by a firm that wants to find tax loopholes
 a. encourages economic efficiency by moving resources away from the government into the private sector
  b. encourages economic efficiency only if the firm's profit increases
  c. is an example of economic inefficiency caused by devoting resources to wealth redistribution rather than to production
  d. involves the firm in a zero-sum game against other firms
  e. involves the firm in a zero-sum game against the government


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

chereeb

  • Sr. Member
  • ****
  • Posts: 326
Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

C


rachel9

  • Member
  • Posts: 495
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

connor417

  • Member
  • Posts: 329
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Vaccines cause herd immunity. If the majority of people in a community have been vaccinated against a disease, an unvaccinated person is less likely to get the disease since others are less likely to become sick from it and spread the disease.

Did you know?

Nitroglycerin is used to alleviate various heart-related conditions, and it is also the chief component of dynamite (but mixed in a solid clay base to stabilize it).

Did you know?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

For pediatric patients, intravenous fluids are the most commonly cited products involved in medication errors that are reported to the USP.

Four different spindle attachments produce four second-division segregation patterns Four different spindle attachments produce four second-division segregation patterns
RNA structure detail RNA structure detail
Oceanic Crust Has a Well-defined Internal Structure Oceanic Crust Has a Well-defined Internal Structure
The structure of sphingosine The structure of sphingosine
Basic structure of automatic pathway Basic structure of automatic pathway
Views of Earth’s Layered Structure Views of Earth’s Layered Structure
Video: Neural regulation of blood pressure - baroreceptor and chemoreceptor reflexes

For a complete list of videos, visit our video library