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

Author Question: The demand curve facing a firm will be more elastic, a. the fewer the number of competing firms b. ... (Read 82 times)

JMatthes

  • Hero Member
  • *****
  • Posts: 578
on: Jun 30, 2018
The demand curve facing a firm will be more elastic,
 a. the fewer the number of competing firms
  b. the more differentiated the product
  c. the more substitutes there are for its product
  d. the greater the firm's ability to control price
  e. the larger the profit the firm can make

Question 2

Firm size alone is not the same as market power, as illustrated by
 a. a large automaker raising its prices without concern about competition
  b. a movie theater in an isolated community facing stiff competition
  c. wheat farmers selling their commodity product to farm cooperatives
  d. the only newspaper in a metropolitan area facing competition for advertising sales from TV, radio, and the Internet
  e. None of the answers is correct


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

bobsmith

  • Sr. Member
  • ****
  • Posts: 316
Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

D


JMatthes

  • Member
  • Posts: 578
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

Dominic

  • Member
  • Posts: 328
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

People about to have surgery must tell their health care providers about all supplements they take.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

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.

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

How Much Is Enough? The Explosion In The Number of U.S. Prisoners How Much Is Enough? The Explosion In The Number of U.S. Prisoners
Good body mechanics when facing the head or foot of the table. A. Head and back in alignment. B. ... Good body mechanics when facing the head or foot of the table. A. Head and back in alignment. B. ...
Adjust drape for abdominal massage, and stand at the side of the table facing the head. Place hands ... Adjust drape for abdominal massage, and stand at the side of the table facing the head. Place hands ...
Oxygen-binding curve for myoglobin Oxygen-binding curve for myoglobin
How mitosis maintains the chromosome number. How mitosis maintains the chromosome number.
Copy-number variants Copy-number variants
Video: Atrial natriuretic peptide (vasodilation) & Aldosterone

For a complete list of videos, visit our video library