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Category > Economics Posted 03 May 2017 My Price 6.00

downward sloping demand

1.) Firms have downward sloping demand curves in: A. Oligopolies and monopolies only B. Monopolies and oligopolies that collide only C. Perfectly competitive markets only D. All market structures except perfect competition 2.) Say Gill-a-Gong surfboards has an employee who lives in Washington, D.C. This employee's only job is to try to influence politicians to pass legislation that will increase the profits of Gill-a-Gong. In economic terms, what is this called. A. Economic lobbying B. Pleading C. Profit seeking D. Rent seeking 3.) what is one of the major rationales behind antitrust legislation? A. When firms face little or no competition, they set their price at the minimum of ATC. B. When firms face little or no competition, the produce at TEH quantity where MR=MC C. When firms have market power, they produce negative externalities D. When firms face little or no competition, they are free to operate with inefficiency

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SuperTutor
(15)
Status NEW Posted 03 May 2017 05:05 AM My Price 6.00

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