Operation of profit maximizing pure competitor

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.

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

View Complete Question

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

Q : Demand curve for peanuts Question: a)

Question: a) Johnny consumes peanuts (x1) and a composite good (x2). His utility function is U = x1x2. His marginal utilities are MU1 = x<

Q : Analytic time in market structure In

In this figure the firm probably to go out of business the soonest would be as: (w) Firm A. (x) Firm B. (y) Firm C. (z) Firm D. 298_Market Str</span></p>
</div>

</li>

</td>
</tr><tr>
<td>

<li>
<div class=

Q : Recommendation of data on poverty Data

Data on poverty into the United States recommend that the: (w) sex of the head of the family is unrelated to the poverty rate. (x) race of the head of the family is unrelated to the poverty rate. (y) families headed by African-American or Hispanic wom

Q : Demand of Substitute Goods I have a

I have a problem in economics on Demand of Substitute Goods. Please help me in the following question. All as well equivalent, raised prices for a new Toyotas will most instantly rise the: (1) Price cuts essential for ‘lemons’ to be sold b

Q : Analytic Time-The Market Immediate The

The analytical period of time is very short that the firm could not adjust output by hiring more or less of a variable resource was recognized by Alfred Marshall as: (1) Immediate or market period. (2) Long run. (3) Short run. (4) Technological or temporal long run.

Q : Increment in production with

An increase in the production of stereos at similar time that consumers expect a price decline would outcomes in ______ in equilibrium price as well as equilibrium quantity will ______: (w) decrease; be uncertain. (x) increase; be uncertain. (y) decrease; decrease. (z

Q : Average variable costs with marginal

All profit maximizing firms which are not shut down since demand never exceeds average variable costs will make where marginal revenue as: (w) excludes average revenue. (x) equals average variable cost. (y) equals mar

Q : Barriers to entry and long run

A firm which realizes an economic profit in the short run will carry on generating economic profits in the long run only when: (i) it maximizes economic revenue. (ii) barriers to entry prevent entry from rival firms. (iii) its managers minimize princi

Q : Problem on demand of rising exports

Meager Russian grain harvests during the year 2001 led to increasing exports of U.S. grain to Russia, that symbolized a raise in the: (1) Demand for Russian grain. (2) Supply of U.S. grain. (3) Supply of Russian grain. (4) Demand for the U.S. grain.

Discover Q & A

Leading Solution Library

Avail More Than 1455837 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1926553
Asked

3,689

Active Tutors

1455837

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment