Assume that as a firm expands its scale of operation, the minimum point of its short-run average total cost curve is unchanged. In this case, we would say that the firm is experiencing diseconomies of scale

In a Bertrand model with identical products

A) price is the same as in a competitive market equilibrium. B) price and quantity are the same as in a monopoly. C) price and quantity are the same as in a duopoly. D) None of the above.

A consumer values a house at $525,000 and a producer values the same house at $485,000 . If the transaction is completed at $510,000 . what level of tax rate will result in unconsummated transaction?

a. 1% b. 5% c. 3% d. 2%