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 144 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

bassamabas

  • Member
  • Posts: 294
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

When blood is exposed to air, it clots. Heparin allows the blood to come in direct contact with air without clotting.

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

Effect of Atmospheric Stability Effect of Atmospheric Stability
The effect of thermal expansion The effect of thermal expansion
Effect of Education on Wages Effect of Education on Wages
The net price of an article is $79.84. What is the list price if a discount of 23% was allowed? The net price of an article is $79.84. What is the list price if a discount of 23% was allowed?
The price of rice in a small country is currently $6 per pound. In order to help low-income ... The price of rice in a small country is currently $6 per pound. In order to help low-income ...
Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price. Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price.
Video: A timeline of the teeth (Explained - No Audio)

For a complete list of videos, visit our video library