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 110 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
:D TYSM

Jsherida

  • Member
  • Posts: 314
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

The heart is located in the center of the chest, with part of it tipped slightly so that it taps against the left side of the chest.

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Galaxies Forming by Combining Smaller Units Galaxies Forming by Combining Smaller Units
Fly-sized frog Fly-sized frog
Compared with modern humans, Homo erectus has a larger face, lacks a chin and canine fossa, and has Compared with modern humans, Homo erectus has a larger face, lacks a chin and canine fossa, and has
A slave market in Marrakesh, Morocco. This lithograph is from the 1800s. A slave market in Marrakesh, Morocco. This lithograph is from the 1800s.
Airflow through the large diameter upper intake manifold is distributed to smaller diameter ... Airflow through the large diameter upper intake manifold is distributed to smaller diameter ...
Strategic Management and Competitive Advantage: Concepts and Cases, 6th Edition Strategic Management and Competitive Advantage: Concepts and Cases, 6th Edition
Video: Oogenesis Animation

For a complete list of videos, visit our video library