« previous next »

Author Question: Firms A and B are identical, produce identical products, and are the only firms in a market. Firm ... (Read 177 times)

wenmo

  • Hero Member
  • *****
  • Posts: 540
on: Jul 1, 2018
Firms A and B are identical, produce identical products, and are the only firms in a market. Firm A's output is higher than Firm B's. This means that Firm B is the
 
  A) Cartel leader.
  B) Stackelberg leader.
  C) Stackelberg follower.
  D) Cournot leader.

Question 2

Monopolization of the labor market restricts output because
 
  A) fewer workers offer their services.
  B) the higher wage raises the firm's marginal cost.
  C) monopolized workers are less productive.
  D) a monopolized labor market means there is also a monopolized output market.
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


Jmfn03

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

C

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Blood in the urine can be a sign of a kidney stone, glomerulonephritis, or other kidney problems.

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Durkheim believed that modern societies produce feelings of isolation, much of which come from the ... Durkheim believed that modern societies produce feelings of isolation, much of which come from the ...
Natural Products Natural Products
A Fischer-Tropsch processing plant is able to produce a variety of fuels from coal. A Fischer-Tropsch processing plant is able to produce a variety of fuels from coal.
Identical Twin Normal Birth Position Identical Twin Normal Birth Position
Farmers’ markets provide fresh, local produce to consumers Farmers’ markets provide fresh, local produce to consumers
GeneChip (Affymetrix, Inc.) after hybridization to p53 PCR products GeneChip (Affymetrix, Inc.) after hybridization to p53 PCR products
Video: Biological organic compounds

For a complete list of videos, visit our video library