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

Author Question: In a perfectly competitive market, smaller-than-efficient sized firms can exist in (Read 118 times)

kckanistras

  • Full Member
  • ***
  • Posts: 133
on: Oct 12, 2022

Question 1

In the long run, it is not possible for a perfectly competitive firm to
◦ adopt new technology.
◦ set the product price.
◦ adjust its output.
◦ alter its plant size.
◦ replace its antiquated equipment.

Question 2

In a perfectly competitive market, smaller-than-efficient sized firms can exist in
◦ the long run, and they will make positive economic profits.
◦ both the short and long run.
◦ the short run.
◦ both the short run and the long run, but they must reduce plant size to remain competitive.
◦ the long run.
Microeconomics ¦ Ragan ¦ 17th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by kckanistras on Oct 12, 2022

ALuthy

  • Full Member
  • ***
  • Posts: 161
Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 56% of students answer this correctly


kckanistras

  • Member
  • Posts: 133
Reply 2 on: Oct 12, 2022
Wow, this really help

momolu

  • Member
  • Posts: 320
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

Did you know?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

Did you know?

Multiple experimental evidences have confirmed that at the molecular level, cancer is caused by lesions in cellular DNA.

The Typical Bureaucratic Structure of a Medium-Sized University The Typical Bureaucratic Structure of a Medium-Sized University
A slave market in Marrakesh, Morocco. This lithograph is from the 1800s. A slave market in Marrakesh, Morocco. This lithograph is from the 1800s.
An adjustable wrench. Adjustable wrenches are sized by the overall length of the wrench, not by how ... An adjustable wrench. Adjustable wrenches are sized by the overall length of the wrench, not by how ...
Hydroelectric power: 2013 Global Market Hydroelectric power: 2013 Global Market
Juan's Software Service Company is in a perfectly competitive market. Juan has total fixed ... Juan's Software Service Company is in a perfectly competitive market. Juan has total fixed ...
Competitive firms and maximization Competitive firms and maximization
Video: Exercise and cardiac output

For a complete list of videos, visit our video library