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

Author Question: Which of the following conditions would distinguish a competitive firm from a monopolist? a. The ... (Read 40 times)

vHAUNG6011

  • Hero Member
  • *****
  • Posts: 514
on: Jun 30, 2018
Which of the following conditions would distinguish a competitive firm from a monopolist?
 a. The existence of a demand curve for the firm.
  b. The slope of the demand curve facing the firm.
  c. The rule of profit maximization, i.e., produce where MR = MC.
  d. The relationship between marginal revenue and total revenue.
  e. The existence of diseconomies of scale.

Question 2

The purchase of the assets of one steelmaker by another steelmaker might be a violation of the
 a. Clayton Act
  b. Federal Trade Commission Act
  c. Wheeler-Lea Act
  d. Celler-Kefauver Anti-Merger Act
  e. Robinson-Patman Act


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

momtoalll

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

B

Answer to Question 2

D


vHAUNG6011

  • Member
  • Posts: 514
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

mohan

  • Member
  • Posts: 362
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

Approximately one in three babies in the United States is now delivered by cesarean section. The number of cesarean sections in the United States has risen 46% since 1996.

Differences in oxygen-hemoglobin dissociation curves under different physiological conditions and am Differences in oxygen-hemoglobin dissociation curves under different physiological conditions and am
Variation in climatic conditions result in geographic variation in the distribution of biome types a Variation in climatic conditions result in geographic variation in the distribution of biome types a
Conditions for Eclipses Conditions for Eclipses
Abdominal thrusts are delivered with a firm thrust into the patient’s abdomen with an upward ... Abdominal thrusts are delivered with a firm thrust into the patient’s abdomen with an upward ...
Competitive firms and maximization Competitive firms and maximization
Human Progeroid Conditions Human Progeroid Conditions
Video: Supine Position

For a complete list of videos, visit our video library