--%>
Assignment Help - homework help

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.

Hey friends please give your opinion for the problem of Economics that is given above.

   Related Questions in Microeconomics

  • Q : Technological innovations and demands

    Pharmaceutical companies have currently developed and tested drugs which reverse the affects of alcohol upon the brain only in a half hour. Such pills allow drivers to sober up before driving and to decrease the severity of hangovers. Within the past few years, variou

    		•
  • Q : Determine price elasticity of demand

    When a $9.98 sale on regular $19.95 watch fobs increases a store's sales from 30 to 300 weekly, the price elasticity of the demand faced through the store is approximately: (w) 2.46. (x) 1.23. (y) 4.92. (z) 0.62. C

    		•
  • Q : Determine demand when equilibrium

    Car prices and sales such that the costs per mile of auto passenger travel, and whole passenger miles driven have all rose from the 1940 year, demonstrating that: (w) auto travel is an inferior good. (x) the demand for auto travel is positively sloped. (y) the law of

    		•
  • Q : Transaction Costs-Process of trial and

    In an uncertain globe, people are supposed to try to make best use of their satisfaction by: (1) Determining in advance the mixture of goods that maximizes the utility and then purchasing this mix. (2) The procedure of trial and error. (3) Making marginal decisions ti

    		•
  • Q : Positively sloped demand curve of

    When your income is positively and closely tied to the price of a specific product, a raise in its price might cause: (1) The income effect which, in severe conditions, yields a positively sloped demand curve. (2) You to go bankrupt. (3) The powerful positive substitu

    		•
  • Q : Illustration of Shirking Can someone

    Can someone please help me in finding out the accurate answer from the following question. Jones, a computer programmer, plays computer games all day rather than doing his work. This is an illustration of: (i) Moral turpitude. (ii) Inefficiency salaries. (iii) Shirkin

    		•
  • Q : Total fixed costs of purely competitive

    Such lumber mill has incurred total fixed costs which average approximately: (1) $300 daily. (2) $500 per day. (3) $700 Per day. (4) $900 per day (5) $1100 per day.

    Q : Slope of demand curve for negative

    The slope of this illustrated graph demand curve for DVD games equivalents negative: (w) 0.2. (x) 0.50. (y) 5.0. (z) 2.0. 313_Price El</span></p> </div> <!-- /comment-box --> </li> </td> </tr><tr> <td> <li> <div class=

    Q : Capital to Labor Ratio When the

    When the capital-to-labor (K/L) ratio raises: (1) capital becomes more productive. (2) the interest payments to capital will raise. (3) the wages to labor will probably reduce. (4) labor productivity should rise. (5) the price of capital increases.

    		•
  • Q : Profit-maximizing firm in oligopoly

    Relative to firms into other market structures, there a profit-maximizing firm in an oligopoly: (1) is more efficient than firms in a perfectly competitive structure. (2) produces a larger level of output than firms within any other m

    		•