10) The unfair competition is based on the following elements: a) Offer, acceptance, subject matter and the cause. b) Mistake, injury (damage) and the cause which links between them. c) Mistake, injury (damage), the subject matter and the cause which links between them. d) (a, b and c) are incorrect.

10) The unfair competition is based on the following elements: a) Offer, acceptance, subject matter and the cause. b) Mistake, injury (damage) and the cause which links between them. c) Mistake, injury (damage), the subject matter and the cause which links between them. d) (a, b and c) are incorrect.

ECON MICRO

5th Edition

ISBN:9781337000536

Author:William A. McEachern

Publisher:William A. McEachern

Chapter14: Transaction Costs, Asymmetric Information, And Behavioral Economics

Section: Chapter Questions

Problem 1.1P

See similar textbooks

Similar questions

(1) Economic profit is defined as the difference between revenue and......... (a) economic cost (b) implicit cost (c) Explicit cost (d) otal economic cost
E4 P Q ARC POINT Total Revenue Marginal Revenue 7 100 6.5 200 6 300 5.5 400 5 500 4.5 600 4 700 3.5 800 3 900 2.5 1000 2 1100 1.5 1200 find the remaining values and writ the comments on the results?
a) A manufacturing firm has the following price and cost structure:Number of Units Price Total cost(Output) (price) (price)0 120 801 120 1002 120 1403 120 2104 120 2805 120 4006 120 6007 120 840i) Calculate for each output Fixed costs, Marginal cost, Total revenue and Profit margin(Present your answer in a tabular format) ii) Under what market structure is the firm operating in? Explain.iii) How many units should firm sell in order to maximize profits and what is the maximumachievable profit?
10- A perfect competition market structure means: a. a large number of buyers & sellers b. working together to set prices c. difficulty entering & exiting the market d. little information is available to buyers
Main Question: Why will a monopolist refuse to produce at output level when MC = P? Sub Question 2: What is the opportunity cost on the monopolist if it produces at output level when MR > MC? Sub Question 3: What then is the condition for optimal production for a monopolist?
Explain why the way a market is defined is important and does this make a difference in how the Philippine Competition Act is implemented? Show graphical analysis
6. A firm manufactures and markets a product that sells for Birr 20 per unit. Fixed costs associated with activity total Birr 40,000 a month, while variable cost per unit is Birr 10. A maximum of 10,000 units can be produced and sold. Required: a) Drive the TR, TC and Total profit functions. b) Sketch the TR, TC and Total profit functions in the same coordinate system. c) What is the Break-even point (in terms of quantity and sales volume)? d) Drives the new TC, Total profit functions given that FC is increased by Birr 10,000 a month, and calculate the new break-even point. e) Drive the new TC and Total profit functions given that unit variable costs is decreased by 20% and calculate the new Break-even point. f) Drive the new TR and Total profits functions given that the unit selling price increases by 20% and calculate the new break-even point. g) What is the relationship that you may inter from BEP& FC, P& BEP and V& BEP? h) Assume selling prince increases by 10%…
Table 9.2 Price ($) Quantity Demanded 50 2 40 3 30 4 20 5 10 6 Refer to Table 9.2. Marginal revenue from the third unit of output is _____ Group of answer choices $100. $40. $120. $0. $20.
QUESTIONS are based on Carl's Jr case study article 1. Discuss what are potential sources of competitive advantage for a company? Give examples 2. Argue is a competitive advantage sustainable? Give examples 3. Conduct an analysis of the strengths, weaknesses, opportunities, and threats (a SWOT analysis) of Carl’s Jr. 4. What changes should Carl’s Jr. make in order to develop a sustainable competitive advantage? (Hint: to help answer this question, think of how you might further segment the YHG group that Carl’s Jr. is trying to sell to, and develop a strategy around these subgroups.)
Use economic theory to detail and examine the reason why electricity network and gas pipeline businesses face a revenue deficiency problem if price is equated to long run marginal cost. Note: use economic figures wherever applicable and 5% Plagriasm allowed
21 Under a credit operation, banks deal with the___ A. goods B. services C. document D. performance of the contract
similarities between perfect competition and monopoly. Words count:150-200