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

Author Question: A group of firms are selling undifferentiated products if A) consumers perceive the products ... (Read 341 times)

madam-professor

  • Hero Member
  • *****
  • Posts: 584
on: Jul 1, 2018
A group of firms are selling undifferentiated products if
 
  A) consumers perceive the products identical between the firms.
  B) production costs are the same for all firms.
  C) the firms are selling goods that are identical, though consumers view them as different.
  D) the firms are part of a single cartel.

Question 2

What is the Degree of Operating Leverage?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

poopface

  • Sr. Member
  • ****
  • Posts: 339
Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

It is an elasticity formula which calculates the percentage change in profit resulting from some percentage change in the level of operation (output and sales).


madam-professor

  • Member
  • Posts: 584
Reply 2 on: Jul 1, 2018
Excellent

  • Member
  • Posts:
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

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).

(A) Each bronchiole terminates in an alveolar sac, a group of alveoli; (B) alveoli encased by networ (A) Each bronchiole terminates in an alveolar sac, a group of alveoli; (B) alveoli encased by networ
Group Studying Group Studying
Common Fluoride Products Common Fluoride Products
Product & Process Influences - Sterile Products Product & Process Influences - Sterile Products
Splicing mechanism for removal of group I introns Splicing mechanism for removal of group I introns
Products of Protein Breakdown Products of Protein Breakdown
Video: Structure of a Ribosome

For a complete list of videos, visit our video library