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

Author Question: Price fixing is illegal in the United States. a. True b. False[br][br][b][color=black]Question ... (Read 61 times)

RYAN BANYAN

  • Hero Member
  • *****
  • Posts: 563
on: Jun 30, 2018
Price fixing is illegal in the United States.
 a. True
  b. False

Question 2

Which characteristic of perfect competition ensures that economic profit will be zero in the long run?
 a. each firm's output is small in relation to total market supply
  b. buyers and sellers are fully informed about the price and availability of all resources and products
  c. the product is homogeneous
  d. there is freedom of entry and exit in the market
  e. firms are price takers


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

leeeep

  • Sr. Member
  • ****
  • Posts: 315
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

D


RYAN BANYAN

  • Member
  • Posts: 563
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

bigsis44

  • Member
  • Posts: 317
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

Did you know?

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

Black Terra Hot Dog Black Terra Hot Dog
States and territories that have adopted their own version of HAZWOPER for all workers are shown in ... States and territories that have adopted their own version of HAZWOPER for all workers are shown in ...
Economics question Economics question
economic question economic question
economic question economic question
Video: hGH, Thyroid hormones & Aldosterone

For a complete list of videos, visit our video library