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

Author Question: Firms in all types of market structures pay attention to current rival firms' behavior. Indicate ... (Read 127 times)

Alygatorr01285

  • Hero Member
  • *****
  • Posts: 564
on: Jul 1, 2018
Firms in all types of market structures pay attention to current rival firms' behavior.
 
  Indicate whether the statement is true or false

Question 2

A private auction is an auction in which
 
  A) individuals know their own value of the good and everyone else's valuation, too.
  B) individuals have their own valuation of the good but don't know everyone else's.
  C) many auctions are auctioned off at the same time.
  D) only one good is auctioned off.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Pariscourtney

  • Sr. Member
  • ****
  • Posts: 352
Reply #1 on: Jul 1, 2018
Answer to Question 1

False. Monopolies don't have current rivals. Competitive firms only pay attention to the market price. Oligopolistic and monopolistic competitive firms pay attention to current rivals.

Answer to Question 2

B


Alygatorr01285

  • Member
  • Posts: 564
Reply 2 on: Jul 1, 2018
Gracias!

6ana001

  • Member
  • Posts: 311
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

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.

Examples of four different types of cells from the body. Although each cell has a cell membrane, nuc Examples of four different types of cells from the body. Although each cell has a cell membrane, nuc
Structures of the ear. Structures of the ear.
Types of infections and their Effects on host cells Types of infections and their Effects on host cells
Comparison of the chemical structures of psilocybin and LSD. Psilocybin (left) is derived from a mus Comparison of the chemical structures of psilocybin and LSD. Psilocybin (left) is derived from a mus
The thymus gland (A) appearance and position and (B) anatomical structures. The thymus gland (A) appearance and position and (B) anatomical structures.
Sagittal section of eye and its accessory structures Sagittal section of eye and its accessory structures
Video: Deglutition

For a complete list of videos, visit our video library