Perfect competition and monopolistic competition are similar in that firms in both types of market structure will
A) act as price takers.
B) produce a level of output where price equals marginal cost.
C) earn zero profit in the long run.
D) act as price setters.
C
Economics
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Mixed bundling may result in
A) less revenue compared to pure bundling. B) secondary market transactions between sellers in different markets. C) predatory pricing. D) greater revenue compared to pure bundling.
Economics
A country has a comparative advantage over another in the production of gadgets if it can produce
a. more gadgets than can the other country. b. more gadgets than can any other country. c. gadgets more efficiently than it can produce any other good. d. gadgets at lower opportunity cost than can the other country.
Economics