• 2022-06-06
    Assume a market is perfectly competitive. When a new producer enters the market, the
    A: price in the market increases.
    B: price in the market decreases.
    C: price in the market does not change.
    D: market is no longer a competitive market.
  • C

    内容

    • 0

      The price formed in the commodity exchange is( ) A: “Free market” price B: “Closed market” price C: International market price D: Semi-closed market price

    • 1

      Refer to Figure 9.6. At a market price of $15, this perfectly competitive profit maximizing firm should:

    • 2

      A firm in a perfectly competitive market will tend to expand its output as long as: A: its marginal revenue is positive. B: the market price is greater than the marginal cost. C: its marginal revenue is greater than the market price.

    • 3

      In a competitive market, no single producer can influence the market price because A: many other sellers are offering a product that is essentially identical. B: consumers have more influence over the market price than producers do. C: government intervention prevents firms from influencing price. D: producers agree not to change the price.

    • 4

      What market is the Most in need of the advertising ( ) A: Fully competitive market B: Monopolize market C: Competitive monopoly market D: Oligopoly market