Business, 17.03.2020 06:25 jmccrary2000
What assumptions are necessary for a market to be perfectly competitive? In light of what you have learned in this chapter, why is each of these assumptions important? For a market to be perfectly competitive, A. firms must be price takers, firms must produce a homogeneous product, and firms must be able to easily enter and exit the market. B. firms must have market power, firms must produce a differentiated product, and firms must be able to easily enter and exit the market. C. only one firm can have access to a key input, the government must regulate entry of new firms, and the long-run average cost of production must be decreasing. D. only one firm can produce output, no close substitutes may exist, and firms must not be able to enter the market. E. only a few firms may produce output, firms must have market power, and firms must produce a homogenous product.
Answers: 3
Business, 21.06.2019 22:30
What two elements normally must exist before a person can be held liable for a crime
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Business, 22.06.2019 11:10
The green fiddle has declared a $5 per share dividend. suppose capital gains are not taxed, but dividends are taxed at 15 percent. new irs regulations require that taxes be withheld at the time the dividend is paid. green fiddle stock sells for $71.50 per share, and the stock is about to go ex-dividend. what will the ex-dividend price be?
Answers: 2
Business, 22.06.2019 14:30
Which of the following is an example of a positive externality? a. promoting generic drugs would benefit people. b. a lower inflation rate would benefit most consumers. c. compulsory flu shots for all students prevents the spread of illness in the general public. d. singapore has adopted a comprehensive savings plan for all workers known as the central provident fund.
Answers: 1
What assumptions are necessary for a market to be perfectly competitive? In light of what you have l...
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