« previous next »

Author Question: Which of the following DOES NOT contribute to the market power of a firm? A) number of available ... (Read 39 times)

rosent76

  • Hero Member
  • *****
  • Posts: 516
on: Jul 1, 2018
Which of the following DOES NOT contribute to the market power of a firm?
 
  A) number of available substitutes
  B) the color of the product
  C) legal protections
  D) the number of firms in the market

Question 2

If a profit-maximizing firm finds that, at its current level of production, MR > MC, it will
 
  A) earn greater profits than if MR = MC.
  B) increase output.
  C) decrease output.
  D) shut down.
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


tuate

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

Did you know?

Alcohol acts as a diuretic. Eight ounces of water is needed to metabolize just 1 ounce of alcohol.

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

How solar-energy power works How solar-energy power works
Mammals posses a number of physiological pathways related to stress. One example is the hypothalamic Mammals posses a number of physiological pathways related to stress. One example is the hypothalamic
Factors that contribute to the growth of family members. Factors that contribute to the growth of family members.
Reconstruction Drawing of Trajan's Market Reconstruction Drawing of Trajan's Market
Management Information Systems: Managing the Digital Firm, 15th Edition Management Information Systems: Managing the Digital Firm, 15th Edition
Atomic Number and Mass Number Atomic Number and Mass Number
Video: Types of Burns

For a complete list of videos, visit our video library