International demand or supply affected by small firm

Sixty Chinese manufacturers have started producing generic staplers. Since each factory is very small to noticeably influence the international demand or supply for staplers, every firm is: (1) a cartelized seller. (2) a price taker. (3) a primary good producer. (4) probably subsidized by the government. (5) a price setter.

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

View Complete Question

Related Questions in Microeconomics

Q : Entry of new firm in monopolistic

Entry of new firms within a monopolistically competitive market: (1) is preventable. (2) may decrease the established firm’s production costs. (3) increases the established firm’s profits. (4) shrinks demand for a successful firm’s p

Q : Problem regarding analyzing persistent

In analyzing persistent shortages within the U.S. market for adoptable children: (w) children are most reasonably considered investment goods. (x) children might reasonably be functioned as consumer goods. (y) lower prices charged adopting families would result within

Q : Law of Supply Law of Supply : Supply

Law of Supply: Supply means the goods provided for sale at a price throughout a particular period of time. This is the capacity and intention of the producers to gen

Q : Equilibrium of a commodity What takes

What takes place to equilibrium of a commodity when there is a decrease in its demand and increase in its supply? Answer: The equilibrium price will reduce.

Q : Characterized purely-competitive markets

Purely-competitive markets are NOT characterized through: (i) substantial barriers to entry and exit. (ii) many small potential buyers. (iii) many small potential sellers. (iv) homogeneous products. (v) zero long-run economic profits.

Q : Purely competitive market demand of

When the income distribution is acceptable and no externalities survive, purely competitive market demand curves as: (w) also marginal social benefits curves. (x) inverted marginal social cost curves. (y) horizontal at the market pric

Q : Practicing joint profit maximization A

A cartel is: (w) any large multinational corporation like OPEC. (x) a group of oligopolists practicing conscious parallelism of action. (y) a group of firms which practices joint profit maximization. (z) a multinational firm along with government subs

Discover Q & A

Leading Solution Library

Avail More Than 1414026 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1957185
Asked

3,689

Active Tutors

1414026

Questions
Answered

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

Submit Assignment