Perfectly substitutable outcome

Firms which serve customers who vision the firm’s output as perfectly substitutable for the outcomes of huge numbers of other firms confront: (i) Horizontal (that is, perfectly price elastic) demand curves. (ii) Predatory pricing from greater monopolistic firms. (iii) Price elasticity coefficients of zero. (iv) Steeply sloped supplies of the crucial resources.

Please someone suggest me the right answer.

View Complete Question

Related Questions in Macroeconomics

Q : Problem on rational consumption

Whenever you dine at an “all-you-can-eat” buffet, the rational consumption prototype is to carry on eating till: (1) The restaurant goes bankrupt. (2) You have eaten as much food as it would encompass cost had you made your own meal at hom

Q : GDP In calculating the GDP national

In calculating the GDP national income accountants:

Q : Why government taken as capital receipt

Why the borrowings by Government are taken as capital receipts?

Q : Equilibrium The equilibrium interest

The equilibrium interest rate is determined

Q : Greatest Consumer Surplus problem I

I have a problem in economics on Greatest Consumer Surplus. Please help me in the following question. Usual Americans undoubtedly derive the greatest consumer surpluses from the: (i) Summer vacations. (ii) Jelly and Peanut butter. (iii) Gold jewellery

Q : Borrowings and recovery of loans

Categorize the borrowings and recovery of loans into capital and revenue receipts of government budget. Give reason too.

Q : Value of total receipts of government

Determine the value of total receipts of government budget when budget deficit is Rs 2,000 crores and the net expenses is Rs 3,000 crores.

Q : Purpose of Balance of Payment Meaning:

Meaning: - as mentioned above, the balance of payments is a periodic accounting of international economic transactions. Each country having regular economic transactions with other countries prepares periodically the final accounts of their foreign receipts and paymen

Q : Okuns law Describe Okun's law ? Give an

Describe Okun's law? Give an illustration of how it works.

Q : Implications of fiscal deficit

Implications of fiscal deficit: (A) High fiscal deficit entails a big amount of borrowings in which the government takes more loans to pay back it. It raises the liability of government.

Discover Q & A

Leading Solution Library

Avail More Than 1441758 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1936469
Asked

3,689

Active Tutors

1441758

Questions
Answered

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

Submit Assignment