--%>
Assignment Help - homework help

Determine probable price taker

Of the given firms, the probably to be a price taker would be: (1) Microsoft. (2) Wal-Mart. (3) Toyota. (4) the Los Angeles Lakers. (5) the biggest wheat farm in Canada.

I need a good answer on the topic of Economics problems. Please give me your suggestion for the same by using above options.

   Related Questions in Microeconomics

  • Q : Multinational corporations Give the

    Give the answer of following question. Multinational corporations: A) mainly are headquartered in Switzerland. B) are so named because of their heavy export volume. C) are illegal under the U.S. antitrust laws. D) are so named because of their sizable foreign producti

    		•
  • Q : Enter or exit the market in

    A mix of heterogeneous goods and many potential buyers and sellers which are free to enter or exit the market within the long run are among essential conditions for an industry to be: (1) a monopoly. (2) purely competitive. (3) an oli

    		•
  • Q : Exceeds marginal revenue curve by

    That this firm can’t successfully price discriminate is most strongly indicated through the fact that: (1) the linear demand curve exceeds the marginal revenue curve for all outputs shown. (2) MR = MC maximizes profit. (3) total revenue total co

    		•
  • Q : Annual payments of financial investment

    When the interest rate is 5 percent and a financial investment produces annual payments of $50,000, in that case the present value of this asset is as: (w) $1,000,000. (x) $5,000,000. (y) $500,000. (z) $10,000,000.

    		•
  • Q : Negative GDP gap A large negative GDP

    A large negative GDP gap implies: A) an excess of imports over exports. B) a low rate of unemployment. C) a high rate of unemployment. D) a sharply rising price level.

    		•
  • Q : Featherbedding-Labor Contracts The

    The clauses in labor contracts that need continued employment of the workers whose jobs are technologically outdated are termed as: (1) Moth-balling. (2) Yellow dog contracts. (3) Featherbedding. (4) Goldbricking. (5) Shirking clauses.

    Q : Output and pricing performance of firms

    Contestable markets theory recommends that even though an industry has only one producer, in that case the output and pricing performance of which firm will resemble which of a competitive industry as long like: (1) there are numerous active buyers in

    		•
  • Q : Maximizes profit by producing at total

    When the wholesale price P = $4 per dozen roses, it purely competitive increased farm maximizes profit through producing ___ dozen roses at a total (profit /loss) of $___. (1) zero; loss; $2000. (2) 2000; loss; $1500. (3) 3000;profit;

    		•
  • Q : Perfect Equality of Income Distribution

    A Lorenz curve which is identical to a 45 degree line by the origin indicates as: (w) perfect equality of income distribution. (x) complete inequality of income distribution. (y) unitarily elastic supplies of labor. (z) which poverty is prevalent.

    		•
  • Q : Determine total revenue by zero

    Hybrid Roses is the merely florist in 60 miles of Presidio, Texas. Often, lots of Texans are romantics at heart. When Hybrid Roses set the price of a dozen roses at the point where marginal revenue is zero, in that case its total revenue

    		•