In the long run, import quotas increase net exports

Which of the following four firms would most likely NOT be part of a perfectly competitive market?

A) Mark sells his tomatoes at the local farmers market. B) The WaveHouse is the only place in San Diego where you can ride an indoor 10 foot wave. C) Village Pizza sells pizza in a college town. D) Space Age Fuel is a gas station in Bend, Oregon.

Refer to Table 13-4. Victoria's profit-maximizing quantity sold (Q) and price (P) are

A) Q = 4; P = $6. B) Q = 5; P = $5. C) Q = 6; P = $4. D) Q = 3; P = $7.