Top Posters
Since Sunday
g
3
3
2
J
2
p
2
m
2
h
2
s
2
r
2
d
2
l
2
a
2
New Topic  
lurielbank lurielbank
wrote...
Posts: 472
Rep: 9 0
5 years ago
Which of the following arguments could be made as evidence that the market for cage-free eggs is perfectly competitive?

• The U.S. Department of Agriculture has established standards for the labeling of cage-free eggs.

• Sales of cage-free eggs have increased at a rate of 20 percent per year.

• As more farmers began selling cage-free eggs, the increase in supply has driven down prices to the point where they just cover the cost of production.

• The profits earned by farmers who sell cage-free eggs have continued to grow, despite the increasing number of farmers entering this market.
Textbook 
Microeconomics

Microeconomics


Edition: 7th
Authors:
Read 58 times
1 Reply
Replies
Answer verified by a subject expert
jrhome1985!jrhome1985!
wrote...
Posts: 375
5 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here

Related Topics

lurielbank Author
wrote...

5 years ago
Smart ... Thanks!
wrote...

Yesterday
You make an excellent tutor!
wrote...

2 hours ago
Good timing, thanks!
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  1140 People Browsing
 156 Signed Up Today
Related Images
  
 1087
  
 1181
  
 807
Your Opinion
Which industry do you think artificial intelligence (AI) will impact the most?
Votes: 352