--%>
Assignment Help - homework help

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 the market. (2) the firm’s output is homogeneous. (3) entry and exit are relatively costless in the long run. (4) the firm feels threatened by the possibility of antitrust action. (5) barriers to entry are ensured by the government.

Can anybody suggest me the proper explanation for given problem regarding Economics generally?

   Related Questions in Microeconomics

  • Q : Relevant demand of Kinked Demand by

    In this demonstrated figure kinked demand curve model, when a firm at point a raises or lowers its price and the rest of the firms in the industry do similar thing, in that case the relevant demand curve for the firm is: (w) demand curve D0

    		•
  • Q : Fixed costs of a purely competitive firm

    The fixed costs of a purely competitive firm are: (w) incurred within the short run even if no output is produced. (x) wage payments and raw materials costs. (y) the bulk of short run opportunity costs. (z) not found by earlier decisions.

  • Q : Affects in Great Depression State what

    State what affect the most in Great Depression?

    		•
  • Q : Determine average production cost by an

    When Robomatic Corporation maximizes profit in its production of RoboMaids, its average production cost per robot will be roughly: (1) $3,000 per robot. (2) $5,000 per robot. (3) $7,000 per robot. (4) $9,000 per robot. (5) $11,000 per robot.

  • Q : Rates of Return of Cash Flow Assume

    Assume that an apartment complex is predicted to produce a consistent net $800,000 cash flow yearly in rent, after deducting all recurring variable costs (for example, taxes, utilities, and maintenance). When its current price is $10

    		•
  • Q : Downward-sloping demand curve The law

    The law of demand is graphically demonstrated by: (1) Movement all along the supply curve. (2) The downward-sloping demand curve. (3) The rightward shift of demand curve. (4) Shifting of production possibilities. C

    		•
  • Q : Define Marginal rate of transformation

    Marginal rate of transformation: This is the amount of one good which should be given to generate one additional unit of a second good. This is also termed as marginal opportunity cost.

    		•
  • Q : Profit Maximization in Labor Markets

    Can someone help me in finding out the right answer from the given options. All the profit maximizing organizations employ labor up to the point where: (1) MR   MC is maximized. (2) VMP = MFC. (3) VMP = MRP. (4) MRP = MFC. (5) VMP = w.

    		•
  • Q : Utility function notes on separable

    notes on separable utility function in microeconomics

    		•
  • Q : Total revenue by quantity

    If LoCalLoCarbo produces the profit-maximizing quantity and charges the profit-maximizing price, in that case its total revenue equals the area of the rectangle as: (i) 0P2fq4. (ii) bdP4P1. (iii) 0P4dq2

    		•