Homework Answers
Add Answer to:
Question 37 1 pts In perfectly competitive markets the profit incentive can correct for discrimination by...
Question 9 1 pts In the long run, a monopoly will achieve: both productive and allocative...
Question 9 1 pts In the long run, a monopoly will achieve: both productive and allocative efficiency. O productive, but not allocative efficiency neither allocative and productive efficiency. allocative, but not productive, efficiency. Question 10 1 pts Price discrimination is: O common in perfectly competitive markets charging different prices for the same good because it costs more to serve some customers than others, charging different groups of customers different prices for the same good even though there's no difference in...
1. Markets and competition In a perfectly competitive market, all producers sell Because of these two...
1. Markets and competition In a perfectly competitive market, all producers sell Because of these two characteristics, both buyers and sellers in perfectly competitive markets are price goods or services. Additionally, there are buyers and sellers. True or False: The market for public utilities, like gas and electricity, does not exhibit the two primary characteristics that define perfectly competitive markets. O True O False identical very different few many We were unable to transcribe this image
1 pts Question 21 Which of the following is an example of third degree price discrimination?...
1 pts Question 21 Which of the following is an example of third degree price discrimination? None of these are third degree price discrimination A baseball stadium offers discounts to senior citizens A cable provider offers a package so customers can get cable and high-speed internet with a single subscription A car salesman can charge each customer exactly what he or she is willing to pay for the cars at his dealership 1 pts Question 22 Which of the following...
1. Characteristics of competitive markets The model of perfectly competitive markets relies on these four core...
1. Characteristics of competitive markets The model of perfectly competitive markets relies on these four core assumptions: 1. There must be numerous small firms and customers-each player's actions have no effect on price and, thus, trade associations and collusive agreements are not possible. 2. Firms must produce a homogenous product-buyers must regard all sellers' products as equivalent. 3. Firms and resources must be fully mobile, allowing for free entry into and exit from the industry. 4. Each firm and each...
1. Markets and competition In a perfectly competitive market, all producers sell goods or services. Additionally,...
1. Markets and competition In a perfectly competitive market, all producers sell goods or services. Additionally, there are buyers and sellers. Because of these two characteristics, both buyers and sellers in perfectly competitive markets are price True or False: The market for public utilities, such as gas and electricity, does not exhibit the two primary characteristics that define perfectly competitive markets. True False 1. Markets and competition market. In such markets, Identical products, are characteristics of a as well as...
Question 31 2.5 pts 31. A firm in a perfectly competitive industry has total revenue of...
Question 31 2.5 pts 31. A firm in a perfectly competitive industry has total revenue of $200,000 per year when producing 1,000 units of output per year. In this case its average revenue is $200 and its marginal revenue is __ zero. also $200 less than $200. O greater than $200 Question 32 2.5 pts 32. In a perfectly competitive industry, the market price of the product is $12.Firm A is producing the output at which average total cost equals...
Question 1: Why did we not need game theory when we analyzed perfectly competitive and monopoly markets?
Question 1: Why did we not need game theory when we analyzed perfectly competitive and monopoly markets?
1 pts Question 36 A monopolist, as opposed to a company in a perfectly competitive market:...
1 pts Question 36 A monopolist, as opposed to a company in a perfectly competitive market: T produces less at a higher price. 5 O produces where MR > MC. O may have lower economic profits in the long run. Oproduces more at a lower price FAS
Question 28 10 pts Clara produces and sells tomatoes in a perfectly competitive market. This implies...
Question 28 10 pts Clara produces and sells tomatoes in a perfectly competitive market. This implies that Clara's marginal revenue generated from selling an additional unit of tomatoes is always equal to O price. variable cost. profit per unit average cost.
Question 11 1 pts Consider a perfectly competitive market with a binding price ceiling. Which of...
Question 11 1 pts Consider a perfectly competitive market with a binding price ceiling. Which of the following is true? O The quantity traded in this market is less than the efficient level O The quantity traded in this market is greater than the efficient level. The quantity traded in this market equals the efficient level. O The quantity traded in this market equals the equilibrium quantity under perfect competition O none of the above. D Question 12 1 pts...
Question 9 1 pts In the long run, a monopoly will achieve: both productive and allocative efficiency. O productive, but not allocative efficiency neither allocative and productive efficiency. allocative, but not productive, efficiency. Question 10 1 pts Price discrimination is: O common in perfectly competitive markets charging different prices for the same good because it costs more to serve some customers than others, charging different groups of customers different prices for the same good even though there's no difference in...
1. Markets and competition In a perfectly competitive market, all producers sell Because of these two characteristics, both buyers and sellers in perfectly competitive markets are price goods or services. Additionally, there are buyers and sellers. True or False: The market for public utilities, like gas and electricity, does not exhibit the two primary characteristics that define perfectly competitive markets. O True O False identical very different few many We were unable to transcribe this image
1 pts Question 21 Which of the following is an example of third degree price discrimination? None of these are third degree price discrimination A baseball stadium offers discounts to senior citizens A cable provider offers a package so customers can get cable and high-speed internet with a single subscription A car salesman can charge each customer exactly what he or she is willing to pay for the cars at his dealership 1 pts Question 22 Which of the following...
1. Characteristics of competitive markets The model of perfectly competitive markets relies on these four core assumptions: 1. There must be numerous small firms and customers-each player's actions have no effect on price and, thus, trade associations and collusive agreements are not possible. 2. Firms must produce a homogenous product-buyers must regard all sellers' products as equivalent. 3. Firms and resources must be fully mobile, allowing for free entry into and exit from the industry. 4. Each firm and each...
1. Markets and competition In a perfectly competitive market, all producers sell goods or services. Additionally, there are buyers and sellers. Because of these two characteristics, both buyers and sellers in perfectly competitive markets are price True or False: The market for public utilities, such as gas and electricity, does not exhibit the two primary characteristics that define perfectly competitive markets. True False 1. Markets and competition market. In such markets, Identical products, are characteristics of a as well as...
Question 31 2.5 pts 31. A firm in a perfectly competitive industry has total revenue of $200,000 per year when producing 1,000 units of output per year. In this case its average revenue is $200 and its marginal revenue is __ zero. also $200 less than $200. O greater than $200 Question 32 2.5 pts 32. In a perfectly competitive industry, the market price of the product is $12.Firm A is producing the output at which average total cost equals...
Question 1: Why did we not need game theory when we analyzed perfectly competitive and monopoly markets?
1 pts Question 36 A monopolist, as opposed to a company in a perfectly competitive market: T produces less at a higher price. 5 O produces where MR > MC. O may have lower economic profits in the long run. Oproduces more at a lower price FAS
Question 28 10 pts Clara produces and sells tomatoes in a perfectly competitive market. This implies that Clara's marginal revenue generated from selling an additional unit of tomatoes is always equal to O price. variable cost. profit per unit average cost.
Question 11 1 pts Consider a perfectly competitive market with a binding price ceiling. Which of the following is true? O The quantity traded in this market is less than the efficient level O The quantity traded in this market is greater than the efficient level. The quantity traded in this market equals the efficient level. O The quantity traded in this market equals the equilibrium quantity under perfect competition O none of the above. D Question 12 1 pts...
Most questions answered within 3 hours.
-
1. When a nearsighted person looks at an object that is in the
distance with their...
asked 1 hour ago -
QUESTION 8
Both of these statements will store the same value in the
variable $number
$number...
asked 1 hour ago -
The price of 1 lb of potatoes is $1.75. If all the potatoes sold
today at...
asked 2 hours ago -
Garcia Company issues 20.00%, 15-year bonds with a par value of
$470,000 and semiannual interest payments....
asked 2 hours ago -
In C++ Programming, Try using loops only.
This lab demonstrates the use of the While Loop...
asked 3 hours ago -
Effect of DCMU and sodium azide on Chlamydomonas? We did an
experiment where we had Chlamydomonas...
asked 4 hours ago -
1a) According to the ideal gas law, _______________.
a. a gas has infinite volume at absolute...
asked 5 hours ago -
Oakdale Fashions, Inc. had $245,000 in 2018 taxable income.
Using the tax schedule in Table 2.3...
asked 5 hours ago -
The marketing class at CSUS had an average score of 150. An
educational analyst determined that...
asked 7 hours ago -
Justin Case has purchased a $250 000 home by putting 20 % down
and taking out...
asked 7 hours ago -
1. In a labor market, marginal cost for a firm is
____________.
a. recruiting cost
b....
asked 7 hours ago -
On January 1, 2019, ABC Company issued $60,000,000 of 20-year,
10.5% bonds when the market rate...
asked 8 hours ago