--%>
Assignment Help - homework help

Characteristics of a purely competitive industry

NOT between characteristics of a purely competitive industry would be as: (w) large numbers of potential buyers and sellers. (x) long-run freedom of entry and exit. (y) modern technology that dictates large firms. (z) buyers have no influence on price.

Hello guys I want your advice. Please recommend some views for above Economics problems.

   Related Questions in Microeconomics

  • Q : Minimum possible economic losses Hello

    Hello guys I want your advice. Please recommend some views for below illustrated figure of Economics problem that for this profit-maximizing pure competitor, area Pbgh signifies: (1) fixed cost (TFC). (2) average fixed cost (AFC). (3)

    		•
  • Q : When are average and outputs prices of

    Average and Outputs prices for CDs and DVDs both rose throughout 1999 to 2000 (before the start of Napster and subsequent file-sharing software), which implying: (1) supply of prerecorded music should have grown. (2) law of demand doesn’t apply

    		•
  • Q : Economies of Scope-Firms using

    Firms which use similar production facility or groups of inputs to concurrently generate various kinds of products are taking benefit of: (1) Tax loop-holes. (2) Variegated production. (3) Economies of scope. (4) Economies of scale. (5) Monopoly power.

    Q : Problem based on production

    Refer to the given production possibilities curve and give  answer of following question . At the onset of the Second World War the Soviet Union was already at full employment. Its economic adjustment from peacetime to wartime can best be described by the movemen

    		•
  • Q : Monopsony Power and the Demand for Labor

    Can someone help me in finding out the right answer from the given options. The labor monopsonist will hire labor up to a point where marginal: (1) Revenue product of the labor equivalents the wage. (2) Resource cost of labor equivalents the wage. (3) Revenue product

    		•
  • Q : Average standard of living in Africa

    Elucidate briefly the average standard of living in Africa?

    		•
  • Q : Prohibition in financial intermediaries

    Financial intermediaries are not: (1) channels linking parties who want to save to parties who want to invest. (2) restricted to serving primarily large savers and investors. (3) more significant in determining the U.S. money supply than all are produ

    		•
  • Q : Shifting of labor demand for Labor The

    The labor demand will shift due to the modifications in all of the given except: (1) Prices of other resources. (2) Prices of the output. (3) MPP (4) Salaries. Can someone please help me in finding out the accurate answer from the

    		•
  • Q : Demand for Labor-Monopsony Power When

    When wage discrimination is not probable for the first 40 workers this profit-maximizing organization hires, however it can wage discriminate perfectly whenever hiring all the subsequent workers, it hires a net of: (i) Forty workers at an average salary of $700 per we

    		•
  • Q : Human Capital-Individuals premium wages

    The firm which offers its workers by substantial specific training tends to: (i) Pay such individuals premium wages to try to make sure retaining such workers. (ii) Need workers to sign the legal contracts of indenture and peonage. (iii) Raise worker productivity appr

    		•