Applied Writing
must use graphs to demonstrate/support answers where available. Submission is to be made tonight, so needs to be finished urgently
A firm may temporarily lower prices as well as earn negative profits in trying to: (w) drive rivals out of business. (x) find rivals to lower prices. (y) maximize current profit. (z) A rational firm would not do this. Q : Market adjustments due to raised Normal 0 false false
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A monopolistically competitive firm: (w) confronts a perfectly elastic demand curve. (x) is a price taker. (y) faces stiff competition from many competitors producing close substitutes for its product. (z) consciously considers potential responses by
Components of capital account: (i) Foreign investment (ii) Foreign loans (iii) Banking capital and other capital (iv) Monetary movements.
In this kinked demand curve model as in demonstrated, when this firm operates at point a and increases its price from P2 to P3 and its rival firms respond by increasing their prices, in that case this firm will move from point a
expectations of price hike for durable goods tend to:
Price discrimination which successfully increases profit does NOT needs the firm to be capable to: (1) separate the market within different groups along with different demand elasticities. (2) maintain entry barriers which defend a firm’s market
When this monopolistic competitor makes Q units: (1) P > MC. (2) MR = MC. (3) total revenue total cost is maximized. (4) MSB > MSC. (5) All of the above. Q : Transfer payments in Market Transfer Transfer payments into the U.S.: (w) have little effect on income distribution. (x) are mainly received by wealthy families. (y) tend to reduce poverty. (z) eliminate the cause of poverty. Please choose the right a
Transfer payments into the U.S.: (w) have little effect on income distribution. (x) are mainly received by wealthy families. (y) tend to reduce poverty. (z) eliminate the cause of poverty. Please choose the right a
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