In a perfectly competitive market:
A.sellers and buyers have perfect information.
B.entry and exit are difficult.
C.sellers produce similar, but not identical products.
D.each seller can affect the market price by changing output.
A.sellers and buyers have perfect information.
B.entry and exit are difficult.
C.sellers produce similar, but not identical products.
D.each seller can affect the market price by changing output.
Refer to Figure 6-1. The firm should shut down if the market price is
A、above $8.
B、above $6.30 but less than $8.
C、above $4.50 but less than $6.30.
D、less than $4.50.
A、Standard Deviation and Range.
B、Mean and Mode.
C、Tendency and Dispersion.
D、Median and Mean.
B.in a monopolistic situation.
C.in a perfectly competitive market.
D.sales rise with the increase in price level.
A、equals marginal revenue.
B、is less than marginal revenue.
C、is greater than marginal revenue.
D、can be greater than or less than marginal revenue.
B.priceinthemarketdecreases.
C.priceinthemarketdoesnotchange
D.marketisnolongeracompetitivemarket.
B.the marginal cost of producing the good is zero.
C.the price of the good equals marginal cost.
D.the average revenue equals average cost.
为了保护您的账号安全,请在“简答题”公众号进行验证,点击“官网服务”-“账号验证”后输入验证码“”完成验证,验证成功后方可继续查看答案!