Author Question: Which of the following DOES NOT contribute to the market power of a firm? A) number of available ... (Read 34 times)

rosent76

  • Hero Member
  • *****
  • Posts: 516
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.


tuate

  • Sr. Member
  • ****
  • Posts: 332
Answer to Question 1

B

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

Though newer “smart” infusion pumps are increasingly becoming more sophisticated, they cannot prevent all programming and administration errors. Health care professionals that use smart infusion pumps must still practice the rights of medication administration and have other professionals double-check all high-risk infusions.

Did you know?

The average human gut is home to perhaps 500 to 1,000 different species of bacteria.

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

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

For a complete list of videos, visit our video library