Question

can you please help me with these problems . microeconomics

0/1.21 pts ed Question 80 The practice of setting prices deliberately below pricing. costs in an effort to drive a competitor out of the market is known as predatory average variable O average fixed explicit average total marginal 0/1.21 pts wered Question 78 0/1.21 An example of a tying arrangement is a restaurant offering both Pepsi and Coca-Cola products. a car manufacturer installing expensive onboard GPS/navigation systems in all the cars it sells. two companies competing on price a landlord offering free rent for the first month when a tenant signs a one- year lease. a coffe shop olfenie customers thic opton ofhavin crththecoffec for an extra 25 cents a coffee shop offe Unanswered Question 71 Which of the following is an example of collusion? Nike and Reebok compete on price. American Airlines and United Airlines agree to raise prices Verizon builds more cell phone towers. Coca-Cola and Pepsi do not attempt to fix prices Dell and Gateway compete on quantity Unanswered Question 56 Monopolistically competitive firms eventually become perfectly competitive. follow the price leader necessarily earn short-run economic profits. "compete away economic profht to zero earn long-run economic profits. Unanswered Question 57 red Question 50 0/121 pts Which of the following is the most accurate description of industries? All firms can make a long-run economic profit, but only perfect competitors can make a short-run proft. Monopolies are more competitive than monopolistically competitive firms. A monopolistically competitive industry is more competitive than any other industry form. All firms engage in short-run loss minimization by selecting the point where marnginal reve Monopolistically competitive firms are located between monopoly and perfect competition 0/121 hep Center swered Questic 0/1.21 pts Product differentiation refers to firms' attempts to make their products look the same as other products in the industry refers to firms' attempts to make real or apparent differences in essentially substitutable products look difterent in the minds ot refers to the advantage big firms have in research and development is a common characteristic of a perfectly competitive market structure. is employed only in a monopoly market structure 0/1.21 pts red Question 48 Unanswered Question 49 0/1.21 pts If barriers to entry are high and products are somewhat differentiated, then the industry is probably monopolistically competitive. the situation cannot exist. the industry is probably a differentiated monopsony. the industry is probably perfectly competitive economic profit might be sustainable. 0/1.21 Question 50 Unanswered Which of the following is the best example of a monopolistically competitive market? corn retail clothing stores electric utilities zasoline Unanswered Question 43 A monopolistically competitive market is characterized by a few firms producing either differentiated or identical products. many small sellers selling a differentiated product. many small sellers selling an identical product. a single seller of a unique product that has few or no substitutes. very high barriers to entry Unanswered Question 38 A potential complication for successful price discrimination is the presence of a price maker in a market full of price takers. multiple demand elasticities among consumers. the potential for consumers to resell a product or service other industry firms also practicing price discrimination. a product or service for which consumers value differently.

Answer 1

Question—80

Average variable cost

We know that the average variable cost is the total variable cost per unit of output. The practice of setting prices deliberately below average variable cost with intent driving rivals from the market is known as predatory pricing.

Question—78

A coffee shop is offering customers the option of having cream with their coffee for an extra 25 cents.

The tying arrangements are when customers buy the unwanted item for getting desired items.

Question—71

American Airlines and United Airlines agree to raise prices

The collusion is a secret agreement between firms in order to deceive others

Question—56

Necessarily earn short-run economic profits

In the short run, the monopolistically competitive firm earns an economic profit under the condition of MR=MC

Question--50

Monopolistically competitive firms are located between monopoly and perfect competition

Monopolistic competition means that there are a large number of firms selling differentiated products

Question—47

Refers to firms attempts to make real or apparent differences in essentially substitutable product look different in the minds of consumers

It is the common characteristics of monopolistic competition

Question—49

Economic profit might be sustainable

Question—50

Retail clothing store

Question—43

Many small sellers selling differentiated products

Question—38

The potential for consumers to resell a product or service

Price discrimination is selling the same product with different prices. It is the common characteristics of a monopoly firm