--%>
Assignment Help - homework help

Surviving firms in declining competitive industry

When firms exit a declining competitive industry, in that case surviving firms will: (i) reduce their outputs and prices. (ii) experience higher prices and profits. (iii) automate to adjust to lower wages. (iv) sell more output at lower prices.

Hello guys I want your advice. Please recommend some views for above Economics problems.

   Related Questions in Microeconomics

  • Q : Estimation of total cost in specific

    Total cost can be estimated as area: (i) 0bcq1. (ii) 0adq2. (iii) 0Peq2. (iv) aPed. (v) Cannot be measured in illustrated figure. 22</span></p> </div> <!-- /comment-box --> </li> </td> </tr><tr> <td> <li> <div class=

    Q : Marginal revenue and average revenue

    A firm along with market power faces a downward sloping demand curve since: (w) selling more of the good needs a price cut. (x) marginal revenue should equal average revenue. (y) only pure monopolies face horizontal demand curves. (z)

    		•
  • Q : Prices and outputs in the short run All

    All output markets which are less than purely competitive are characterized through: (1) domination of the market by some large firms. (2) individual firms that are very small to affect their prices. (3) freedom of entry and exit in the long run. (4)

    		•
  • Q : Profit-maximizing output to maximizes

    HoloIMAGine has patented a holographic technology which creates 3-D photography obtainable to consumers. So HoloIMAGine’s: (w) lowest possible average total cost arises at precisely the output where profit is maximized. (x) market supply curve is the same to its

    		•
  • Q : Market demand in short run purely

    Ceteris paribus, inside the short run an increase into the market demand for this product would permit this purely competitive firm to be: (w) make only normal profits. (x) break even. (y) make economic profits, although not in the long run. (z) compe

    		•
  • Q : Marginal revenue product-marginal

    When a monopolist maximizes the profit in a product market, it will: (w) Hire labor till the marginal revenue product equivalents marginal resource cost. (x) Hire labor till the value of marginal product equivalents marginal resource cost. (y) Pay a wage equivalent to

    		•
  • Q : Strategic barriers to entry Extensive

    Extensive national advertising can be a form of: (1) natural barrier. (2) strategic barrier. (3) regulatory barrier. (4) price discrimination. (5) moral hazard. Can anybody suggest me the proper explanation for given problem regard

    		•
  • Q : Measures of Poverty Line The poverty

    The poverty line is: (1) about $15000/year for a family of two in 2006. (2) an index which varies depending on family characteristics. (3) dependent only on the size and income of a family. (4) about $12500/year for a family of four in 2006. (5) the p

    		•
  • Q : Firms sanctioned by state laws I have a

    I have a problem in economics on Firms sanctioned by state laws. Please help me in the following question. The Firms sanctioned by state laws and considered lawful entities separate and dissimilar from their owners are: (1) Proprietorships. (2) Corpor

    		•
  • Q : CAPM and Portfolio The information is

    The information is illustrated below: (a) Determine the expected return on Stock X?

    		•