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

Author Question: The demand curve for the output of a perfectly competitive firm is a. perfectly inelastic b. ... (Read 36 times)

fnuegbu

  • Hero Member
  • *****
  • Posts: 539
on: Jun 30, 2018
The demand curve for the output of a perfectly competitive firm is
 a. perfectly inelastic
  b. perfectly elastic
  c. unit elastic
  d. downward sloping
  e. nonlinear

Question 2

A natural monopoly results when a firm has
 a. a license
  b. a patent
  c. official approval to produce a product
  d. decreasing average costs over the range of market demand
  e. exclusive use of a natural resource


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

josephsuarez

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

D


fnuegbu

  • Member
  • Posts: 539
Reply 2 on: Jun 30, 2018
Gracias!

ryhom

  • Member
  • Posts: 366
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

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.

Ebbinghaus’s forgetting curve Ebbinghaus’s forgetting curve
A typical distillation curve. Heavier molecules evaporate at higher temperatures and contain more ... A typical distillation curve. Heavier molecules evaporate at higher temperatures and contain more ...
A dose-response curve describes the relationship between the quantity of the chemical entering the ... A dose-response curve describes the relationship between the quantity of the chemical entering the ...
Effects of competitive inhibition on enzyme kinetics Effects of competitive inhibition on enzyme kinetics
The slope of the curve y = ax^3 - bx^2 + cx - 3 at x = 2 is 5. If the point of inflection of the cur The slope of the curve y = ax^3 - bx^2 + cx - 3 at x = 2 is 5. If the point of inflection of the cur
Type III curve. Mortality is highest early in life. Data for a desert shrub (Cleome droserifolia). Type III curve. Mortality is highest early in life. Data for a desert shrub (Cleome droserifolia).
Video: Aneurysm

For a complete list of videos, visit our video library