Which of the following is a primary difference between price searchers and price takers?
a. Price searchers maximize profits, but price takers do not.
b. Price searchers have to cut their price to sell additional output, but price takers do not.
c. The market demand for goods produced by price searchers is downward sloping, while the market demand for goods produced by price takers is horizontal.
d. Profit-maximizing price searchers will expand output to the quantity where marginal revenue equals marginal cost, but price takers will not.
B
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If the exchange rate rises, the quantity of dollars demanded
A) increases and there is movement down along the demand curve for dollars. B) decreases and there is movement down along the demand curve for dollars. C) decreases and there is movement up along the demand curve for dollars. D) increases and there is movement up along the demand curve for dollars. E) does not change.
If the United States and other developed nations pay the cost of reducing public emissions, developing nations such as China could benefit from the reduction while not contributing to it In this sense, one can think of reducing carbon emissions as being like a
A) quasi-private good. B) private good. C) quasi-public good. D) public good.