In a competitive price-searcher market, the firms will
a. be able to choose their price, and the entry barriers into the market will be low.
b. be able to choose their price, and the entry barriers into the market will be high.
c. have to accept the market price for their product, and the entry barriers into the market will be low.
d. have to accept the market price for their product, and the entry barriers into the market will be high.
A
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Taylor has the following assets and liabilities:Two cars$15,000House$400,000Mortgage$300,000Cash$1,000Car loans$5,000Checking account balance$3,000Credit card balance$3,000What is Taylor's wealth?
A. $111,000 B. $105,000 C. $107,000 D. $419,000
In a closed economy, private saving is equal to which of the following? (Y = GDP, C = Consumption, G = Government purchases, T = Taxes, and TR = Transfers)
A) Y + TR - C - T B) Y - C - T C) Y - G - T + TR D) Y - G - T
Marginal fixed costs decrease as output increases.
Answer the following statement true (T) or false (F)
The least scrutiny of management's operations occurs when ____ is the method used in corporate financing
a. stock issue b. bond issue c. plowback d. watering