--%>
Assignment Help - homework help

Vigorous competition by firms in an industry

Allocating scarce resources hence they are put to the uses which best satisfy consumer wants is facilitated through: (w) highly bureaucratic, centralized decision making. (x) tax breaks for wealthy people which “trickle down” to consumers. (y) vigorous competition by several firms in an industry. (z) positive externalities and non-rivalry for public goods.

Can someone explain/help me with best solution about problem of Economics...

   Related Questions in Microeconomics

  • Q : Signaling and Screening Completing your

    Completing your degree is most probable to be a significant signal which will help you in securing a well-paid job with bright future when potential employers: (i) Want to make sure that job applicants have already acquired important amounts of precise human capital.

    		•
  • Q : Positive sloped labor supply curve Can

    Can someone help me in finding out the right answer from the given options. The monopsonist in labor market faces a: (1) Totally elastic demand for labor. (2) Completely elastic supply of the labor. (3) Completely inelastic supply of the labor. (4) Positively sloped l

    		•
  • Q : Setting a price in profit-maximizing

    This profit-maximizing firm as in demonstrated figure will set a price where: (1) P > MC = MR. (2) MR > MC = P. (3) MR = P > MC. (4) MR = P > MC. (5) P < MC < MR.

    Q : Price discrimination to increase

    A firm can practice price discrimination to increase its profitability when this: (w) confronts a perfectly elastic demand curve. (x) is a pure quantity adjuster. (y) has some market power and is able to separate its customers into various groups alon

    		•
  • Q : Approximate unitary price elasticity of

    Nostalgia Corporation’s output of “Silver Screen Classic” DVDs consequent to the point where demand has unitary price elasticity is approximately: (1) 3 million copies. (2) 4 million copies. (3) 5 million copies. (4) 6.5 million copi

    		•
  • Q : Profit-maximizing competitor in short

    This profit-maximizing pure competitor would close down within the short run when the price fell below the price resultant to: (i) point c. (ii) point d. (iii) point e. (iv) point f. (v) point g.

    Q : Total revenue of profit maximizing firm

    If this profit-maximizing firm as in given figure can’t price discriminate, in that case its total revenue will equal to: (w) $90,000 per month. (x) $112,000 per month. (y) $60,000 per month. (z) $120,0000 per m

    		•
  • Q : Relatively price elastic when supply

    Even though a drought decreases supply from S1 to S0, at each point along both of such supply curves, the supply of tanks of dehydrated water: (i) perfectly price elastic. (ii) relatively price elastic. (iii) unitarily price elastic. (iv) relativ

    		•
  • Q : Determine price and quantity when

    When the demand and supply for a good both raise, price: (w) and quantity both rise. (x) and quantity both fall. (y) falls but quantity increases. (z) changes need more information, when quantity rises.

    Q : Reduction in the purchasing power of

    The income effect of a price rise for the normal good: (i) Needs a reduction in the purchasing power of your income, that helps in elucidating why demand curves are negatively sloped. (ii) Forces faster adjustments than when the good was inferior and

    		•