Your answer should be true
Answer:
a. false
b. true
c. true
d. false
Explanation:
a. The first statement is false as the demand for the soft drink do not declines
b. The second statement is true as the quantity demanded decreased
c The third statement is true as the supplied decreased
d. The fouth statement is false as the quantity suppied do not decline
Therefore the option b and C are correct and option A and D are incorrect
Answer: A. equal to marginal cost where it intersects the demand curve
Explanation:
In a pure competition, the market is efficient because it balances demand and supply and gives an equilibrium price that takes both of them into account.
In this market, the price is equal to the marginal revenue of a firm and the profit maximizing level of production is where the marginal revenue intersects the marginal cost.
The efficient level is therefore where price equals marginal cost. The same goes for a natural monopoly. If economic efficiency is to be achieved, the natural monopoly's price must equal the marginal cost at the equilibrium price.
Explanation:
I guess? I cant tell ....
