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

Author Question: Perfectly competitive firms are price takers because a. each firm is too small compared to the ... (Read 85 times)

AEWBW

  • Hero Member
  • *****
  • Posts: 579
on: Jun 30, 2018
Perfectly competitive firms are price takers because
 a. each firm is too small compared to the market to be able to affect price
  b. one firm determines price and all other firms accept this price
  c. firms take the price that government determines
  d. firms must accept any price consumers offer them
  e. firms earn high profits by taking consumers

Question 2

Which of the following could not bar entry into an industry?
 a. economies of scale
  b. diseconomies of scale
  c. patents
  d. licenses
  e. one firm's control of essential resources


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

leahm14

  • Sr. Member
  • ****
  • Posts: 322
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

B


AEWBW

  • Member
  • Posts: 579
Reply 2 on: Jun 30, 2018
Excellent

jackie

  • Member
  • Posts: 324
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Did you know?

Thyroid conditions cause a higher risk of fibromyalgia and chronic fatigue syndrome.

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Did you know?

Your heart beats over 36 million times a year.

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

Comparison of small subunit rRNA gene sequences of vertebrate, invertebrate chordate, and invertebra Comparison of small subunit rRNA gene sequences of vertebrate, invertebrate chordate, and invertebra
Small intestine. Small intestine.
Instruct the patient to use an applicator to apply a small amount of stool in the appropriate boxes ... Instruct the patient to use an applicator to apply a small amount of stool in the appropriate boxes ...
Use small circular strokes up the ankle and leg. Use small circular strokes up the ankle and leg.
Competitive firms and maximization Competitive firms and maximization
Structure of the small intestine. Structure of the small intestine.
Video: Stroke volume - preload, sarcomere length and Frank -Starling law

For a complete list of videos, visit our video library