Principles of Microeconomics, California Edition
2nd Edition
ISBN: 9780393622102
Author: Dirk Mateer, Lee Coppock
Publisher: NORTON
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Question
Chapter 9, Problem 1SP
To determine
Explain the reason for each of the following industries that do not follow the conditions of a price taker.
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This business deals with creation or production of goods like tables, chairs, and cabinets.
A.Corn Farming
B.Furniture Marketing
C.Hog Raising
D.Poultry Farming
Degree of competition and define it's types.
For each of the following, is the business a price-taking producer? Explain your answers.
a. A cappuccino café in a university town where there are dozens of very similar cappuccino cafés.
b. The makers of Pepsi-Cola.
c. One of many sellers of Durian fruits at a General Santos City’s public market.
Chapter 9 Solutions
Principles of Microeconomics, California Edition
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