Interlace, Inc produces and a unique soda. The company cannot price discriminate. The figure above shows Interlace's demand curve, marginal revenue curve, and marginal cost curve. Interlace, Inc is definitely
A) a perfectly competitive firm.
B) not a perfectly competitive firm.
C) a natural monopoly.
D) None of the above answers is correct.
B
You might also like to view...
In the current year, the CPI is 122 and during the previous year the CPI was 115. The inflation rate between these years is
A) -5.7 percent. B) -6.1 percent. C) 6.1 percent. D) 5.7 percent. E) 1.61 percent.
What is the economic rule for the efficient amount of pollution?
What will be an ideal response?
If both supply and demand simultaneously decrease
A) the market clearing price definitely rises, and the equilibrium quantity definitely falls. B) the market clearing price definitely rises, and the effect on the equilibrium quantity is indeterminate. C) the market clearing price definitely falls, and the effect on the equilibrium quantity is indeterminate. D) the effect on the market clearing price is indeterminate, and the equilibrium quantity definitely falls.
The employment rate is the ratio of the number of people
A. in the labor force to the number of people employed. B. unemployed to the number of people employed. C. unemployed to the number of people in the labor force. D. employed to the number of people in the labor force.