--%>
Assignment Help - homework help

Vigorous competition in long run market

Vigorous competition into a market depends in the long run most strongly upon the: (w) number of buyers and sellers presently in the market. (x) freedom to enter and exit the market. (y) sizes of the average firm within the market. (z) uniformity [homogeneity] of the product.

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

   Related Questions in Microeconomics

  • Q : Consuming a grouping of goods problem A

    A household utmost it’s utility by consuming a grouping of goods which exhausts income when, for each and every good, the: (i) Marginal utilities are equivalent. (ii) Prices are equivalent. (iii) Ratios of marginal utility or price are equivalen

    		•
  • Q : Wage Discrimination-supply labor curve

    The employer with monopsony power which as well had the capability to wage discriminate perfectly would confront the marginal factor cost of the labor curve: (i) Similar to the supply of labor curve it faces. (ii) Lower than the supply of labor curve it faces. (iii) H

    		•
  • Q : Benefit of the market system One

    One political benefit of the market system over the majority of other economic systems is that: (1) The power to take decisions is comparatively decentralized. (2) Democratic decisions are steadier than individual selections (3) Centralized decisions

    		•
  • Q : Negatively-sloped-Law of Demand The

    The Demand curves are negatively-sloped mainly as people: (1) Encounter advertising which molds the product images. (2) Have less purchasing power if prices fall for the things they sell. (3) Use goods which rise in price less, and expand the utilizat

    		•
  • Q : Union-Nonunion Wage Differentials I

    I have a problem in economics on Union-Nonunion Wage Differentials. Please help me in the following question. All else equivalent, when employment in an industry raises, the average wage differential gap among union and non-union workers: (1) Narrows.

    		•
  • Q : Making purely competitive firm A purely

    A purely competitive firm will produce where is: (w) MC is rising. (x) MC = P. (y) MC = MR. (z) All of the above. Can anybody suggest me the proper explanation for given problem regarding Economics

  • Q : Marginal revenue when market price

    When the market price of a good is $50 and a purely competitive firm raises its output from 20 units, marginal revenue of it is: (w) $50. (x) $1000. (y) $2.50. (z) $0.40. I need a good answer on th

    		•
  • Q : Interest Rates and Bond Prices

    Increases in market interest rates are probably to be related with: (w) people’s increasing willingness to save. (x) bursting a speculative bubble into prices for hi-tech stocks. (y) increased pessimism regarding the profitability of economic in

    		•
  • Q : Causes of Increase in demand Describe

    Describe the causes of Increase in demand?Answer: 1) Increase in income of the consumer.2) Price of substitute goods increase.3)

    		•
  • Q : Consumer Equilibrium-Utility

    Assume that you are an avid golfer and profit $36 worth of pleasure from the first golf hole played on any specific day, however the additional pleasure you profit from playing succeeding holes falls by $2 per extra hole. The $40 greens fee is needed to begin golfing

    		•