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Sublight2097 Sublight2097
wrote...
Posts: 4132
8 years ago
Suppose all producers in a given industry charge exactly the same price for their product. Uniform prices across an industry proves
A) industry competetitiveness.
B) industry monopolization.
C) producers cannot be earning monopoly profits.
D) absolutely nothing about whether the industry is adequately competitive.
Textbook 
The Economic Way of Thinking

The Economic Way of Thinking


Edition: 13th
Authors:
Read 294 times
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SmooothSmoooth
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Posts: 5500
8 years ago
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Sublight2097 Author
wrote...
8 years ago
My mind was going in all different directions trying to figure this one out. Thanks so much.
wrote...
8 years ago
You're welcome Happy Dummy
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