Top Posters
Since Sunday
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
r
4
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
msouthern msouthern
wrote...
Go to Answer
Posts: 481
Rep: 7 0
4 years ago

Question 1.

If a firm can produce a product at a lower average cost than its competitors, it stands a better chance of earning economic profit.



▸ true

▸ false

Question 2.

Which of the following is not part of an oligopolist's business strategy?



▸

setting the product's price after considering what rivals will do



▸

deciding the level of total output of a new product



▸

meeting worker health and safety standards required of all firms



▸

determining the amount of advertising a new product needs

Textbook 
InMicro

InMicro


Edition: 1st
Authors:
Read 82 times
1 Reply
Replies
Answer verified by a subject expert
Jacobian S.Jacobian S.
wrote...
#1
Posts: 388
Rep: 53 0
4 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

msouthern Author
wrote...

4 years ago
Thank you, thank you, thank you!
Loruiz15
wrote...

Yesterday
This site is awesome
jayfo05
wrote...

2 hours ago
You make an excellent tutor!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1215 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 1321
  
 299
  
 127
Your Opinion
What percentage of nature vs. nurture dictates human intelligence?
Votes: 431
Previous poll results: Who will win the 2024 president election?