--%>
Assignment Help - homework help

Market Form-price taker

In which market form, the firm is a price taker?

Answer: In Perfect competition

   Related Questions in Microeconomics

  • Q : Supply law and it's factors State the

    State the Law of supply and explain the factors that affecting supply of commodity

    		•
  • Q : Spending on rail safety ‘How be

    ‘How be supposed to the government decide whether to spend in additional rail safety measures?’

    		•
  • Q : Oligopoly market Elucidate why are

    Elucidate why are firms mutually interdependent in oligopoly market.

    		•
  • Q : Maximizing utility from consumption of

    Given that a MU of French fries of 35 utils and a MU for the serving of potato chips at 25 utils, when their respective prices are $1.50 and $.80, a person who wishes to maximize the utility from the consumption of both of such goods would consume: (1) The similar amo

    		•
  • Q : Nonrivalry and nonexcludability Select

    Select the right ans wer of the question.Nonrivalry and nonexcludability are the main characteristics of: A) capital goods. B) private goods. C) public goods. D) consumption goods.

    		•
  • Q : Problem on relative monetary values The

    The relative monetary values an individual consumer subjectively puts on containing a bit more or less of a good are termed as: (i) Consumer preferences. (ii) Demand prices. (iii) Psychic prices. (iv) Subliminal prices. (v) Consumer utilities.

  • Q : Tourist’s use of natural resources What

    What are your views about tourist’s use of natural resources?

    		•
  • Q : Infinity elasticity of demand within

    When price changes for fresh peaches don’t modify total revenue to peach farmers, then the price elasticity of demand for peaches: (w) constant beside a linear demand curve. (x) infinity (the demand curve is horizontal). (y) uni

    		•
  • Q : An increase in consumer desire for

    An increase in consumer desire for strawberries is most likely to: increase the number of strawberry pickers needed by farmers. reduce the supply of strawberries. reduce the number of people willing to pick strawberries. reduce the need for strawberry pickers

    		•
  • Q : Maximization of the Goals of Firm I

    I have a problem in economics on Maximization of the Goals of Firm. Please help me in the following question. The firm’s goal of profit maximization is most distantly analogous to: (i) Revenue maximization by the Internal Revenue Agents. (ii) Ma

    		•