--%>
Assignment Help - homework help

Purely competitive or monopolies or oligopolists firms

Compared to either purely competitive firms or oligopolists, monopolies are: (w) more probable to consider the possible reactions of other firms. (x) oblivious to the actions of other firms. (y) less likely to engage into nonprice competition. (z) likely to make more than the socially optimal amount of output.

Please choose the right answer from above...I want your suggestion for the same.

   Related Questions in Microeconomics

  • Q : Marginal resource cost of labor For a

    For a gain maximizing competitive firm operating in the competitive labor market, the: (1) Marginal resource cost of the labor is similar to the wage rate. (2) Supply of the labor is perfectly inelastic. (3) Production quota is precisely proportional to the labor hire

    		•
  • Q : Reduced effectiveness by pressure The

    The increased pace of globalization and the steady development of worldwide demands for petroleum-based products from 2002 have tended to decrease the: (w) derived demand for petroleum. (x) prices of gasoline and electricity. (y) pressures which had reduced OPEC's eff

    		•
  • Q : Long run in production theory Can

    Can someone help me in finding out the most precise answer from the given options. The long run in the production theory is a period just long sufficient for: (i) Firms to totally differ all resources. (ii) Profits to be maximized. (iii) Marginal costs curves to be re

    		•
  • Q : Equilibrium GDP Provide solution of

    Provide solution of this question. If the MPC is .70 and gross investment increases by $3 billion, the equilibrium GDP will: A) increase by $10 billion. B) increase by $2.10 billion. C) decrease by $4.29 billion. D) increase by $4.29 billion.

    		•
  • Q : Basic definition of Production I have a

    I have a problem in economics on Basic definition of Production. Please help me in the following question. Production is the process in which: (i) Technology and human knowledge are utilized to apply energy to convert materials to make them more preci

    		•
  • Q : Arising of natural monopolist Natural

    Natural monopolies arise due to: (w) artificial barriers to entry. (x) contestable markets. (y) price discrimination. (z) natural barriers to entry. I need a good answer on the topic of Economics p

    		•
  • Q : Labor Unions and Aggregate Wage Income

    Can someone help me in finding out the right answer from the given options. The least likely outcome when unions succeed in increasing their member’s wages is that: (i) Wages in non-union sectors will drop. (ii) Employment will grow in the non-union sectors. (ii

    		•
  • Q : Microeconomics-Economic factors 1)

    1) Identify and explain the chief economic factors which determine the price of a good or service. Please include how demand and supply interact and elasticity, etc. Also give examples with graphs.

  • Q : Determining Substitution products When

    When a price hike for Big Gulps of GlugaChug from $1 to $2 improves sales of dehydrated water from 50 to 100 kegs, then the dehydrated water and GlugaChug are: (1) Joint outputs in the production. (2) Complements. (3) Substitutes. (4) Mixed resource alternatives.

    		•
  • Q : Problem on rational ignorance An

    An illustration of rational ignorance is demonstrated when you: (1) Are elected to a political office. (2) Settle for an other half who is not your "ideal" mate. (3) Eat a steak which increases your cholesterol level. (4) Were suspended from high scho

    		•