Discuss wheather the following are examples of perfectly competitive industries.
a. The US stock market
b. The automobile industry
1) Answer the questions in two detailed paragraphs.
None of the above is an example of a perfectly competitive market.
Every stock exchanges have some different features and the stocks.Some stocks listed on NYSE may not be listed on NASDAQ. The Nasdaq is the largest electronic screen-based market. It currently offers lower listing fees than NYSE,while the AMEX focuses on exchange-traded funds (ETFs).
Similarly the automobile industry is monopolistically competitive because all brands sell differentiated cars.An Audi and a Jaguar may have some similar feature but they are also different in some other aspects like designing, mileage etc.
Thus,the stock market or the automobile industry cannot be categorised as a perfectly competitive industry.
Discuss wheather the following are examples of perfectly competitive industries. a. The US stock market b....
Which of the following best approximates a perfectly competitive market structure? a. automobile manufacturing b. the insurance market c. the airlines industry d.stereo equipment e.foreign exchange markets
What are the conditions for a perfectly competitive market? What are some real-life examples of perfectly competitive markets? What are economic profit-maximizing strategies that may be made by a perfectly competitive firm? Identify a good that you regularly purchase and you feel is in perfect competition – how do the characteristics of the goods and the market structure it operates in affect the firm’s ability to change the price?
1. A single firm in a perfectly competitive market is a price taker? True or False. Explain with examples. 2. What is the supply curve of a perfectly competitive firm? Is it different from that of the market supply curve? Explain. 3.If a firm makes a loss in the short run, then it would shut down? If no, discuss. If yes, discuss.Offer examples 4. Does the monopolist have a supply curve? Discuss
1. A single firm in a perfectly competitive market is a price taker? True or False. Explain with examples. 2. What is the supply curve of a perfectly competitive firm? Is it different from that of the market supply curve? Explain. 3.If a firm makes a loss in the short run, then it would shut down? If no, discuss. If yes, discuss.Offer examples 4. Does the monopolist have a supply curve? Discuss
8. Which of the following is true for profit-maximizing firms in perfectly competitive, monopolistically competitive, and monopoly industries? a. MR P b. P-min(ATO c MR-MC e. P> MR 9. The reason that the coffeehouse market is monopolistically competitive rather than perfectly competitive is because a, entry into the market is blocked b. there are many firms in the market. Os C barriers to entry are very low d. products are differentiated. 10. The "Discount Department Stores" industry is highly concentrated....
Consider a firm in a perfectly competitive market. Which of the following is affirm Select one: a. The firm competes actively with other sellers in the industry b. The firm is limited in the amount of product it can sell without affecting the The firm has no power to influence the market price d. The firm us dependant upon the behaviour of its competitors
Name, but do not discuss, three characteristics of a perfectly competitive market.
The perfectly competitive market structure is considered to be economically efficient. Discuss why this is the case.
The following figure represents relevant data for a firm in a perfectly competitive industry. Use it to answer the next 5 questions. - MR $8.50 Xavc 10 17204 25. If the average total cost of producing 20 units is $16, what is the value of the firm's fixed cost? a. $4.50 b. $7.50 c. $150 d. $260 26. What is the market price in this perfectly competitive industry? a. $5 b. $6.75 c. S11 d. $13
6.[10 points) Answer the following questions. a. In a perfectly competitive industry, the industry demand and supply curves are given by QD = 2,500-50P and Qs = 20P-300. Given the market conditions, graph the competitive firm's demand and marginal revenue curves. b. Graph a competitive firm that is earning economic profit. In your graph, indicate the level of profit by shading in the appropriate area. c. A perfectly competitive firm is selling 2,000 units at a price of $3, with...