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

Author Question: When comparing the market price of an input in a market characterized by bilateral monopoly to a ... (Read 46 times)

pane00

  • Hero Member
  • *****
  • Posts: 579
on: Jul 1, 2018
When comparing the market price of an input in a market characterized by bilateral monopoly to a perfectly competitive price
 
  A) the bilateral monopoly price is always higher than the competitive price.
  B) there is no difference; the bilateral monopoly price equals the competitive price.
  C) the bilateral monopoly price is always less than the competitive price.
  D) the bilateral monopoly price can be higher than, lower than, or equal to the competitive price.

Question 2

The perfect information assumption of perfect competition includes all of the following except one. Which one?
 
  A) Consumers know their preferences.
  B) Consumers know their income levels.
  C) Consumers know the prices available.
  D) Consumers can anticipate price changes.
  E) Firms know their costs, prices and technology.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

smrtceo

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

D


pane00

  • Member
  • Posts: 579
Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

isabelt_18

  • Member
  • Posts: 342
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Asthma cases in Americans are about 75% higher today than they were in 1980.

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Did you know?

There are more sensory neurons in the tongue than in any other part of the body.

Comparing allele and genotype frequencies in a population with the Hardy-Weinberg equation and a Pun Comparing allele and genotype frequencies in a population with the Hardy-Weinberg equation and a Pun
Bilateral hallux valgus. Bilateral hallux valgus.
Standing at the head of the table, apply oil or lotion to the entire back with bilateral stroking. ... Standing at the head of the table, apply oil or lotion to the entire back with bilateral stroking. ...
Comparing Blood Vessel Structure Comparing Blood Vessel Structure
Markets and Institutions Market Story Problem Markets and Institutions Market Story Problem
Comparing uncontrolled and controlled energy release. Comparing uncontrolled and controlled energy release.
Video: Automated external defibrillator (AED)

For a complete list of videos, visit our video library