This topic contains a solution. Click here to go to the answer

Author Question: The amount of output that a firm decides to sell has no effect on the market price in a competitive ... (Read 159 times)

AEWBW

  • Hero Member
  • *****
  • Posts: 579
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
Answer to Question 1

C

Answer to Question 2

D




AEWBW

  • Member
  • Posts: 579
Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it


  • Member
  • Posts:
Reply 3 on: Yesterday
Wow, this really help

 

Did you know?

Green tea is able to stop the scent of garlic or onion from causing bad breath.

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Did you know?

The people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

For a complete list of videos, visit our video library