ZuoTi.Pro
Question

Please help with these questions

Question 5 0.4 pts Which of the following lists three main characteristics of a competitive market? many buyers and few sellers, similar products, easy entry into the market O many buyers and sellers, differentiated products, easy entry into the market many buyers and few sellers, unique products, barriers to entry into the market O many buyers and sellers, similar products, barriers to entry into the market O many buyers and sellers, similar products, easy entry into the market Question 6 0.4 pts If firms in a competitive market are making zero economic profits, the long- run market supply curve and the short-run market supply curve and the demand curve all intersect at the same point. O O is above the point where the short-run market supply curve and the demand curve intersect. O is below the point where the short-run market supply curve and the demand curve intersect. O shifts upward. O shifts downward. Question 7 0.4 pts As product differentiation decreases,__.._i increases. marginal cost O demand inelasticity O markup O excess capacity O demand elasticityQuestion 8 0.4 pts restrict(s) the ability of the buyer to deal with competitors, and require(s) the buyer to purchase an additional product in order to buy the first. Exclusive dealings; price discrimination O Exclusive dealings; tying arrangements Tying arrangements; price discrimination Price discrimination; exclusive dealings Tying arrangements; exclusive dealings

business   economics   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

05 06.In Pon un MR - MC - AC mo profits In short Run untersect at Some point E. Demand As product dtiffeentiahiom decrcases, market Conve Ansvwer (e) om otheY im Puchase th original n Amgwer b)

0 0
Add a comment
Know the answer?
Add Answer to:
Please help with these questions Question 5 0.4 pts Which of the following lists three main...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • Please help with these questions, Question 1 0.16 pts Use the following scenario to answer the...

    Please help with these questions, Question 1 0.16 pts Use the following scenario to answer the following questions: Carmela's Churros is a perfectly competitive firm that sells desserts in Houston Texas. Carmela's Churros currently is taking in $40,000 in revenues, and has $15,000 in explicit costs and $25,000 in implicit costs. Holding all else constant, the price of churros in this market will O stay where it is increase in the long run. decrease in the long run. O decrease...

  • Please help with these questions Question 46 0.4 pts When two goods are complements to each...

    Please help with these questions Question 46 0.4 pts When two goods are complements to each other, the cross-price elasticity will O begin by being positive but becomes negative over time. O be negative. be zero. O be positive. O be unaffected by goods being complements. Question 47 0.4 pts An economist's use of experiments and real-world data to test a theory is an example of the scientific method in economics. O comparative advantage. O normative analysis economic growth. macroeconomics....

  • Please help with these questions, Question 11 0.16 pts If Firm A is making zero economic...

    Please help with these questions, Question 11 0.16 pts If Firm A is making zero economic profits, Firm A is breaking even when opportunity cost is taken into consideration. O Firm A is also making negative accounting profits. other firms want to enter the market. Firm A wants to shut down in the short run. O Firm A wants to leave the market. Question 12 0.16 pts If firms in a competitive market are making positive economic profits, the long-run...

  • Please help Question 12 0.16 pts If firms in a competitive market are making positive economic...

    Please help Question 12 0.16 pts If firms in a competitive market are making positive economic profits, the long-run market supply curve O is above the point where the short-run market supply curve and the demand curve intersect. O shifts downward. O and the short-run market supply curve and the demand curve all intersect at the same point. O shifts upward. O is below the point where the short-run market supply curve and the demand curve intersect. Question 13 0.16...

  • Please help with these questions Question 1 0.4 pts We could state correctly that the minimum...

    Please help with these questions Question 1 0.4 pts We could state correctly that the minimum characteristic necessary to distinguish among price-making firms is O the level of the concentration ratio. O whether they produce industrial or consumer products. O the number of firms in the industry O price discrimination. O product differentiation. Question 2 0.4 pts According to Section 2 of the Sherman Antitrust Act, a person who attempts to monopolize commerce among the several states is guilty of...

  • Please help with these questions Question 25 0.4 pts If the short-run supply curve, the demand...

    Please help with these questions Question 25 0.4 pts If the short-run supply curve, the demand curve, and the long-run supply curve all intersect at the same point, firms will experience. economic profits, which means the price is____ the average total cost curve the minimum point on negative; at positive; above O zero; above zero; at O negative; below Question 26 0.4 pts If all monopolistically competitive firms had identical cost curves, then O long-run profit for each firm would...

  • Please help with these questions Question 6 0.4 pts When a hurricane rips through Florida, the...

    Please help with these questions Question 6 0.4 pts When a hurricane rips through Florida, the price of oranges rises because O demand curve shifts to the right. supply curve shifts to the left. O demand curve shifts to the left. Osupply curve shifts to the right. supply and demand curves both shift to the left. Question 7 0.4 pts show(s) how resources and final goods and services flow through the economy Money Circular flow OAllocation OTrade-offs Question 8 0.4...

  • Please help with these questions, Question 5 0.16 pts When firms in a market expect the...

    Please help with these questions, Question 5 0.16 pts When firms in a market expect the price of their products to rise, the supply curve of their goods causing the equilibrium price to O decreases; rise increases; rise and the equilibrium quantity to fall decreases; fall increases; fall O increases; rise Question 6 0.16 pts Taxes cause the equilibrium price of a good to Ogo up only for producers. O decrease O go down only for consumers O increase. remain...

  • Please help with these questions Question 29 0.4 pts A firm that produces a product that...

    Please help with these questions Question 29 0.4 pts A firm that produces a product that is characterized by externalities finds it easier to keep its customers from switching to rivals. O network O negative O positive O labor market O public good Question 30 0.4 pts An example of a tying arrangement is O a restaurant offering both Pepsi and Coca-Cola products. O a car manufacturer installing expensive onboard GPS/navigation systems in all the cars it sells two companies...

  • Please help with these questions Question 37 0.4 pts Use the following scenario to answer the...

    Please help with these questions Question 37 0.4 pts Use the following scenario to answer the following questions: Carmela's Churros is a perfectly competitive firm that sells desserts in Houston, Texas. Carmela's Churros currently is taking in $40,000 in revenues, and has $15,000 in explicit costs and $25,000 in implicit costs. Holding all else constant, the price of churros in this market will stay where it is. increase in the short run decrease in the long run. decrease in the...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT