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.
Total revenue for the firm in illustrated figure is __________ __________ total cost.: (w) greater than (x) less than (y) equal to (z) Cannot be determined by the information given. Q : Prevent operating in long run by A monopolist will prevent operating within the long run unless its economic profit is: (i) zero. (ii) positive. (iii) greater than accounting profit. (iv) zero or greater. (v) zero or less. I need a good answer on
A monopolist will prevent operating within the long run unless its economic profit is: (i) zero. (ii) positive. (iii) greater than accounting profit. (iv) zero or greater. (v) zero or less. I need a good answer on
The firm has $70,000 in implicit costs, and the economic profit of $40,000. This firm’s: (i) Explicit cost equivalent $30,000. (ii) Accounting profits equivalent $110,000. (iii) Normal gain equivalents $40,000. (iv) Explicit costs equivalent $110,000.
An income elasticity of demand for mass transit of 0.6 implies that the demand for mass transit is/will: (1) a necessity. (2) a luxury. (3) rise at a slower rate than income. (4) fall when income rises. How can I s
Purchasing low in one market and at the same time selling high in the other market is termed as: (1) Gambling. (2) Speculation. (3) Arbitrage. (4) Optioning. (5) Hedging. Find out the right answer from the above options.
Demands are possibly the least income elastic for very poor Americans for: (i) automobile services. (ii) Big Macs. (iii) lard. (iv) housing. (v) health care. Can anybody suggest me the proper expla
From society’s point of view, an optimal market solution is attained while: (w) everyone’s income is equal. (x) all goods are given in the economy. (y) marginal social costs only equal marginal social benefits. (z) consumer surplus equals
When fear that giant firms will default onto their debts drives down the prices of corporate bonds, in that case: (w) established corporations will rely more heavily onto sales of stock to secure funds. (x) interest rates onto these bonds increase sim
An illustration of rational ignorance is demonstrated when you: (1) Are elected to a political office. (2) Settle for an other half who is not your "ideal" mate. (3) Eat a steak which increases your cholesterol level. (4) Were suspended from high scho
This profit-maximizing pure competitor would stop operating within this market into the long run when the price was expected to be persistently less than the price consequent to: (i) point c. (ii) point d. (iii) point e. (iv) point f. (v) point g.
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