In long-run equilibrium, all firms in a pure competition market ...

[Yolanda]

In long-run equilibrium, all firms in a pure competition market situation operating under a condition of certainty will have identical costs even though they may use different production and operation techniques.
 a. true b. false

Question 2

Vertical integration often aims to
 a. Prevent the retailers from defeating upstream price discrimination through arbitrage
  b. Avoid paying higher taxes
 c. Serve as a signal of the manufacturer's belief of the likely success of his product
  d. All of the above

[ErinKing]

Answer to Question 1

a

Answer to Question 2

d

[Yolanda]

Thanks for the timely response, appreciate it

[amandanbreshears]

YES! Correct, THANKS for helping me on my review