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inysia [295]
4 years ago
10

In a long-run equilibrium, A. only a perfectly competitive firm operates at its efficient scale. B. both a perfectly competitive

firm and a monopolistically competitive firm operate at their efficient scale of production. C. only a monopolistically competitive firm operates at its efficient scale.
Business
1 answer:
BigorU [14]4 years ago
7 0

Answer:

In a long-run equilibrium - only a perfectly competitive firm operates at its efficient scale - option A is the correct answer.

Explanation:

In the long-run equilibrium, only a perfectly competitive firm that operates at its efficient scale and a monopolistically competitive firm sets off with overabundant capacity.

Therefore, in a long-run equilibrium - only a perfectly competitive firm operates at its efficient scale - option A is the correct answer.

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Which of the following describes an inferior​ good? A. When consumer income​ increases, the demand for tea increases. B. When co
MakcuM [25]

Answer:

C. When consumer income​ increases, the demand for eggs decreases.

Explanation:

Inferior goods is the type of good which demand does not increase even though the initial buyer experience an increase in purchasing power.

The reason for this is because that consumer choose to<u> purchase another product that he/she couldn't afford</u> before having an increase in income.

This 'other' product tend to be more expensive and higher in quality compared to the previous one. This is why the word 'inferior' is attached to the previous product.

From the example above, the reason why the demand for the eggs does not increase is most likely happen because the consumer choose to purchase higher quality of food. (such as a more expensive meat)

6 0
3 years ago
Read 2 more answers
Mike, an advocate of a certain religion, publishes an article in New Times magazine insisting that Congress base all federal law
egoroff_w [7]

Answer:

<u>Press, Speech & Religion </u>

Explanation:

As per The First Amendment, the Congress had been prohibited to make any such laws which restrict an individual's freedom of speech, curtail the freedom of press or those which in any form promote or curb any religion.

In the given case, Mike, an advocate, supports a certain religion and went on to publish an article in a magazine, expressing his views and insisting upon Congress to base Federal Laws as per the principles of his religion.

The First amendment guarantees Mike, the freedom of speech i.e expression, freedom to practice the religion of his choice and the freedom of press i.e the freedom to publish an article expressing his views in a magazine.

5 0
3 years ago
Testing the probability of a relationship between variables occurring by chance alone if there really was no difference in the p
12345 [234]

Answer:

b.significance testing is answer.

Explanation:

I hope it's helpful!

7 0
3 years ago
If you need money, what are three alternatives to taking a cash advance on your credit card?
sertanlavr [38]
For me ,I will not taking cash advance on my credit card
3 0
3 years ago
If a government-imposed price floor legally sets the price of milk above market equilibrium, which of the following will most li
inessss [21]
B - The quantity of milk supplied will decrease
8 0
3 years ago
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