Price below perfect competition
Who decides price beneath perfect competition? Answer: Price under perfect competition is recognized by the forces of market demand and supply in business.
Who decides price beneath perfect competition?
Answer: Price under perfect competition is recognized by the forces of market demand and supply in business.
The law of demand is graphically demonstrated by:
Write down the benefits of leaving the allocation of countries resources to price mechanism?
Tell me the answer of this question. Collective bargaining agreements cover: A) wages and hours. B) union status. C) seniority and job opportunities. D) all of the above.
Jane consumes only apples and chocolate. She is always willing to trade 1piece of chocolate for exactly 3 apples. Her income is $200. She can buy apples for $1 each and chocolate for $2 per piece.a. To Jane, apples and chocolate are (circle 1):
When after hiring the very last worker, the organization’s profit is similar as it was prior to the last worker was hired, the firm must: (1) Hire more workers to raise the profit. (2) Layoff several workers to raise gain. (3) Not hire any more workers. (4) Shut
Meaning of tax: Tax is a legally compulsory payment imposed on the people by the government. There are two kinds of taxes: Direct taxes and Indirect taxes.
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
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
I have a problem in economics on Statement of Demand Prices. Please help me in the following question. Demand prices are stated as the relative: (1) Prices sellers charge for goods whether we purchase or not. (2) Values that individual subjectively put on having a bit
Compared with the price taker in labor market, the monopsonist which can’t wage discriminate will: (i) Hire more labor at any specified wage. (ii) Hire less labor at any wage. (iii) Pay a higher wage for any specified quantity of labor. (iv) Hire more prolific l
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