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

Author Question: The amount of output that a firm decides to sell has no effect on the market price in a competitive ... (Read 158 times)

AEWBW

  • Hero Member
  • *****
  • Posts: 579
on: Jul 1, 2018
The amount of output that a firm decides to sell has no effect on the market price in a competitive industry because
 
  A) the market price is determined (through regulation) by the government
  B) the firm supplies a different good than its rivals
  C) the firm's output is a small fraction of the entire industry's output
  D) the short run market price is determined solely by the firm's technology
  E) the demand curve for the industry's output is downward sloping

Question 2

Which is a stock variable?
 
  A) Labor
  B) Profit
  C) Income
  D) Capital
  E) Price


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

xiaomengxian

  • Sr. Member
  • ****
  • Posts: 311
Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

D


AEWBW

  • Member
  • Posts: 579
Reply 2 on: Jul 1, 2018
Excellent

bulacsom

  • Member
  • Posts: 329
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

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.

Did you know?

Certain topical medications such as clotrimazole and betamethasone are not approved for use in children younger than 12 years of age. They must be used very cautiously, as directed by a doctor, to treat any child. Children have a much greater response to topical steroid medications.

Did you know?

About 600,000 particles of skin are shed every hour by each human. If you live to age 70 years, you have shed 105 pounds of dead skin.

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

How Orbital Eccentricity Changes the Amount of Solar Radiation Earth Receives How Orbital Eccentricity Changes the Amount of Solar Radiation Earth Receives
Effects of competitive inhibition on enzyme kinetics Effects of competitive inhibition on enzyme kinetics
Demographic change and the effect on people social, and economic life Demographic change and the effect on people social, and economic life
Light beer has about the same amount of alcohol as regular beer Light beer has about the same amount of alcohol as regular beer
The Effect of Using a Ratio Scale The Effect of Using a Ratio Scale
a solution is prepared in which a trace or small amount of Fe2+ is added to a much larger ... a solution is prepared in which a trace or small amount of Fe2+ is added to a much larger ...
Video: Covalent bonds - role in the body

For a complete list of videos, visit our video library