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

Author Question: What is the profit maximizing condition for a vertically integrated firm? A) Net marginal revenue ... (Read 64 times)

washai

  • Hero Member
  • *****
  • Posts: 523
What is the profit maximizing condition for a vertically integrated firm?
 
  A) Net marginal revenue equals the sum of the marginal costs of the intermediate inputs.
  B) Marginal revenue equals the marginal cost of the final output.
  C) Net marginal revenue equals the marginal cost of each intermediate good.
  D) The sum of net marginal revenues equals the marginal cost of the final output.

Question 2

In the dominant firm model, the smaller fringe firms behave like:
 
  A) competitive firms.
  B) Cournot firms.
  C) Stackelberg firms.
  D) Bertrand firms.
  E) monopolists.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

lindahyatt42

  • Sr. Member
  • ****
  • Posts: 322
Answer to Question 1

C

Answer to Question 2

A




washai

  • Member
  • Posts: 523
Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review


strudel15

  • Member
  • Posts: 324
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

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

Did you know?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Did you know?

The average office desk has 400 times more bacteria on it than a toilet.

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

For a complete list of videos, visit our video library