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

Author Question: The diagram below shows themarketdemand curve and the cost curves for a single firm.FIGURE 12-7Refer ... (Read 39 times)

tyratatyanna

  • Full Member
  • ***
  • Posts: 137
on: Oct 12, 2022

The diagram below shows the market demand curve and the cost curves for a single firm.



FIGURE 12-7

Refer to Figure 12-7. Suppose this firm is being regulated using a policy of average-cost pricing. In this case,


◦ the result is allocatively inefficient because price exceeds marginal cost.
◦ the result is allocatively efficient because economic profits are zero.
◦ the level of output is too low, but the price is allocatively efficient.
◦ the result is allocatively inefficient because the marginal cost curve is downward sloping.
◦ the result is as close to the competitive outcome as possible.
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 tyratatyanna on Oct 12, 2022

mgranuc

  • Full Member
  • ***
  • Posts: 145
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 29% of students answer this correctly


tyratatyanna

  • Member
  • Posts: 137
Reply 2 on: Oct 12, 2022
:D TYSM

laurnthompson

  • Member
  • Posts: 334
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

Did you know?

The average human gut is home to perhaps 500 to 1,000 different species of bacteria.

Did you know?

The average adult has about 21 square feet of skin.

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

Disposable, single use thermometer strip Disposable, single use thermometer strip
James Madison was a key figure at the Constitutional Convention of 1787 in Philadelphia. He not only James Madison was a key figure at the Constitutional Convention of 1787 in Philadelphia. He not only
Unregulated populations "J-shaped curve" Unregulated populations "J-shaped curve"
The figure shows an LR circuit with a switch and a 240-volt battery. At the instant the switch ... The figure shows an LR circuit with a switch and a 240-volt battery. At the instant the switch ...
diagram of a plant diagram of a plant
Suppose a country imports televisions. The country's supply and demand curves are shown in ... Suppose a country imports televisions. The country's supply and demand curves are shown in ...
Video: Introduction to Sleep Apnea

For a complete list of videos, visit our video library