--%>
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 : Economic cost Economic cost can best be

    Economic cost can best be defined as: A) any contractual obligation that results in a flow of money expenditures from an enterprise to resource suppliers. B) any contractual obligation to labor or material suppliers. C) compensations that must be received by resource owners to insure their continued

    		•
  • Q : Determine total revenue by quantity and

    In this demonstrated figure, the total revenue: (w) varies inversely along with price in range b. (x) is minimized at the midpoint of the demand curve. (y) remains unchanged like price changes within range b. (z) will raise as price falls within range

    		•
  • Q : Produces differentiated goods by

    Monopolistic competitors generate differentiated goods which have numerous potential: (1) substitutes and important barriers to entry protecting them from potential rival producers. (2) close substitutes whose suppliers face no long run barriers to en

    		•
  • Q : Income distribution after taxes and

    When line 0C0' shows income distribution before taxes and transfers, in that case the line that shows income distribution after taxes and transfers would be: (1) line 0A0'. (2) line 0B0'. (3) line 0C0'. (4) line 0D0'. (5) line 0E0'.

    Q : Inelastic proportion of demand in

    This profit-maximizing firm in illustrated graph will never knowingly generate: (w) where MR is positive. (x) where MR is falling. (y) on the elastic proportion of the demand curve. (z) on the inelastic proportion of the demand curve.

    Q : Problem on labor monopsonist Can

    Can someone please help me in finding out the accurate answer from the following question. The labor monopsonist will hire labor up to the point where marginal: (i) Revenue product of the labor equivalents the wage. (ii) Resource c

    		•
  • Q : Define Calendar Anomaly Calendar

    Calendar Anomaly: Calendar anomalies can be defined as any irregularity or consistent pattern occurring at a regular interval or at a specific time in calendar year. Presence of these anomalies in a calendar year is the biggest threat to the concept o

    		•
  • Q : Demands for consumer for resources

    Since demands for resources eventually depend upon consumers’ demands for goods, in that case the demand for labor is: (w) termed as a derived demand. (x) a perfectly elastic demand curve. (y) a perfectly inelastic demand. (z) a horizontal line.

    		•
  • Q : Decreasing cost industries When average

    When average production cost for Plastibristle Inc. falls like market demand increases and more firms go into the industry, Plastibristle is within:  (1) an economically efficient industry. (2) a purely competiti

    		•
  • Q : Reducing proportion of the work force

    The assertion which unions are more powerful nowadays than ever before is: (i) Supported by the consequences of the union contracts on an inflationary spirals. (ii) Reflected in the growing proportion of workers included in violent, protracted and costly strikes. (iii

    		•