--%>

Vigorous competition in long run market

Vigorous competition into a market depends in the long run most strongly upon the: (w) number of buyers and sellers presently in the market. (x) freedom to enter and exit the market. (y) sizes of the average firm within the market. (z) uniformity [homogeneity] of the product.

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

   Related Questions in Microeconomics

  • Q : Determine constant elasticities of

    Which of the given demand curves have constant elasticities of demand as follows: (w) A vertical demand curve. (x) A horizontal demand curve. (y) A rectangular hyperbola. (z) All of the above. Hello guys I want you

  • Q : Market power and excess capacity A

    A monopolist which does not price discriminate cannot concurrently maximize profit and: (w) charge a price equal to marginal cost. (x) minimize average cost. (y) charge a price equal to minimum average cost. (z) produce only zero econ

  • Q : Consumption pattern matching demand

    A house-hold maximizes the satisfaction it derives from the given income by: (i) Buying lottery tickets to save more wealth. (ii) The consumption pattern which matches demand prices with the market prices. (iii) Consuming goods and hence every good is enjoyed uniforml

  • Q : Dynamic Tit-for-Tat Carlos and Ivana

    Carlos and Ivana are friends and roommates. They eat together despite who cooks. But this cooking game is repeated mostly every evening, across time the probable result would be which: (1) neither Carlos nor Ivana cook, nor do they eat. (2) Carlos alone cooks for both

  • Q : Help The problem of asymmetric

    The problem of asymmetric information is that: a) neither health care buyers nor providers are well-informed. b) health care providers are well-informed, but buyers are not. c) the outcomes of many complex medical procedures cannot be predicted. d) insurance companies are well-informed

  • Q : Problem on free market economy A) Using

    A) Using appropriate tables and diagrams explain how price and quantity is determined in a free market economy. B) Briefly explain using the diagrams in 4.1 the followings two scenarios C) When

  • Q : Define price elasticity of supply with

    The supply curve which would best reflect the supply of 1940 a Packard 180 limousine is as: (i) supply curve S1. (ii) supply curve S2. (iii) supply curve S3. (iv) supply curve S4. (v) supply curve S5.

  • Q : Total consumer surplus received Assume

    Assume that you gain $36 worth of pleasure from first hole of the golf played on any specific day since you are an avid golfer, however the extra pleasure you profit from playing succeeding holes drops by $2 per additional hole. The $40 greens fee is needed to begin o

  • Q : Financial Capital-Monopoly power Can

    Can someone help me in finding out the right answer from the given options. The corporation is least probable to secure funding for its operations by: (1) Acquiring its biggest competitor via a merger which consolidates its monopoly power. (2) Issuing the common stock

  • Q : Income sufficient to physical survival

    The view about all people is entitled to income sufficient to comfortably sustain their physical survival is termed as the: (1) survival standard. (2) contribution standard. (3) needs standard. (4) standard deduction. (5) equality standard.