Oligopoly and Economic Welfare
Assume that P = MSB and the firms in an oligopoly are in equilibrium where P>MC. This follows that: (1) P=MSC. (2) MSB>MSC. (3) MSB Hey friends please give your opinion for the problem of Economics that is given above.
Hey friends please give your opinion for the problem of Economics that is given above.
When the market price is lower to cover average total costs, in that case a profit-maximizing firm will: (i) shut down instantly. (ii) continue to operate where P = MC when P > AVC. (iii) adopt newer technology. (i
A profit-maximizing monopolist will necessarily incur economic losses when, at every feasible level of output as: (w) average fixed costs [AFC] are very high. (x) average total costs [ATC] lies above the demand curve. (y) average tota
The individuals who eventually enable accumulation of capital into a market economy are: (1) consumers. (2) firms. (3) government. (4) savers. (5) capitalists. How can I solve my Economics problem?
Governmentally-imposed obstacles to the entrance of new firms within a market are termed as: (1) regulatory barriers or legal barriers to entry. (2) strategic barriers to entry. (3) natural barriers to entry. (4) tax barriers to entry. (5) revenue blockades.
When a price hike from $15 to $20 for DVD disks causes sales of DVD players to reduce from 100 to 50 units, in that case the coefficient of cross-elasticity of demand among these goods is approximately: (w) 1/10. (x) 10. (y) 7/3. (z)
Can someone help me in finding out the right answer from the given options. The employer with monopsony power exploits the labor if it pays a wage: (i) At a bare subsistence level. (ii) That stabilizes worker population. (iii) Less
I have a problem in economics on demand for Inferior Goods. Please help me in the following question. When income rises, demands for: (1) Substitute goods reduce. (2) Inferior goods reduction. (3) Normal goods reduction. (4) Complementary goods rise.<
Select the right ans wer of the question. Which of the following is not a characteristic of the market system? A) private property. B) freedom of enterprise. C) government ownership of the major industries. D) competition in product and resource markets.
Can someone help me in finding out the right answer from the given options. From a purely financial viewpoint, we should stop going to school if you: (i) Graduate from college. (ii) Have to take out educational loans at interest rates which exceed the inflation rate.
Can someone help me in determining the right answer from the given options. The production possibilities frontier model can be employed to describe: (1) The scarcity. (2) Full employment, efficiency and limited resources. (3) The opportunity costs and
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