Question

25. Which of the following is most likely to be qualified as a perfectly competitive market?...

25. Which of the following is most likely to be qualified as a perfectly competitive market?   

a. Airline industry

b. Stock market

c. Gas station

d. Power utility industry

Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Answer 25.

b . stock market

The stock market is a case of perfect competition in that everybody has similar odds of high points and low points in a specific market. Laws likewise help to guarantee its perfect competition by making insider exchanging illicit. In principle, a stock market is perfect competition. Be that as it may, as a general rule , it is really a case of exceptionally poor competition. Both in laws and in real development, stock market vigorously support those ready to buy super-rapid PCs( and host them in the trade itself), and furthermore have a tendency to limit data to a favored few while denying it to the greater part of clients.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
) Which of the following industries is most likely to be a perfect competitive? A) The...
) Which of the following industries is most likely to be a perfect competitive? A) The automobile industry. B) A grocery shop. C) A local telephone company. D) A restaurant. 8) Which of the following is a form of non-price competition: A) Advertising. B) Quality of service. C) Product quality. D) All of the above. 9) According to the kinked demand curve model, a firm will assume that rival firms will: A) Match price cuts but not price increases. B)...
25. __________ Which of the following is true of long‐run equilibrium price in a monopolistically competitive...
25. __________ Which of the following is true of long‐run equilibrium price in a monopolistically competitive market? A) It is equal to average total cost. B) It is less than average total cost. C) It is higher than average total cost. D) It is lower than marginal cost. 27. __________ Total social surplus is maximized in a(n) ________. A) monopolistically competitive market B) perfectly competitive market C) oligopoly D) monopoly 28. __________ A firm is said to have market power...
Which of the following is most likely a monopolistically competitive market? a) Lobsters b) Blue jeans...
Which of the following is most likely a monopolistically competitive market? a) Lobsters b) Blue jeans c) Segway scooters d) Commercial aircraft please explain the answer!
Long-run equilibrium for a perfectly competitive firm is expressed by which of the following equations? a....
Long-run equilibrium for a perfectly competitive firm is expressed by which of the following equations? a. MC = LRAVC = SRAVC b. MC = MR = LRAC = SRATC c. MR = MC = SRAVC = SRATC d. MC = MR = SRTC = AFC Free market entry is defined by which of the following? a. Markets do not charge firms a fee to enter. b. There is no cost for firms to enter into a market. c. Firms with...
Which of the following is true in both a monopoly market and a perfectly competitive market?...
Which of the following is true in both a monopoly market and a perfectly competitive market? a. Price is equal to Marginal Cost b. Long-run Profits are always zero c. Price is greater than Average Variable Cost d. None of the above
A perfectly competitive firm’s total cost is TC = 25 + 0.5Q2. The firm can sell...
A perfectly competitive firm’s total cost is TC = 25 + 0.5Q2. The firm can sell as much as it wants at a market determined price of $50. What will happen if there are no barriers to entry? a. Firms will enter the industry. b. Firms will exit the industry. c. Firms will neither enter nor exit the industry. d. The firm will shut down. e. None of the above. Which of the following is true for a monopoly? a....
Give 3 examples of industries that are most likely perfectly competitive. What characteristics of these markets...
Give 3 examples of industries that are most likely perfectly competitive. What characteristics of these markets make you think that these industries are perfectly competitive?
Which of the following is a perfectly competitive firm? a. Fixer b. Searcher c. Taker d....
Which of the following is a perfectly competitive firm? a. Fixer b. Searcher c. Taker d. Maker Marginal revenue is defined as which of the following? a. The change in total revenue divided by total quantity sold b. The change in sales priced per unit sold c. The change in total revenue divided by price d. The change in total revenue for one additional unit sold The result of firms entering a perfectly competitive market with increased demand is which...
For each of the following, is the industry perfectly competitive? Referring to market share, standardization of...
For each of the following, is the industry perfectly competitive? Referring to market share, standardization of the product, and/or free entry and exit, explain your answers. a. SUVs b. Adele concert c. Aspirin
which of the following correctly characterises a perfectly competitive labour market?
which of the following correctly characterises a perfectly competitive labour market?
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT