解析 D 正确答案:D 解析:答案为D项。完全竞争市场(perfectly competitive market)被假定为厂商数目众多、厂商所提供的产量相对于市场规模而言只占很小的份额,并且厂商进入和退出自由。每个厂商只是价格接受者(price taker),即面临既定的市场价格。故本题选D项。 知识模块:金融英语业务知识反馈 收藏 ...
Since a perfectly competitive firm is a price taker, it can sell whatever quantity it wishes at the market-determined price. Marginal cost, the cost per additional unit sold, is calculated by dividing the change in total cost by the change in quantity. The formula for marginal cost is:...
A perfectly competitive firm is a “price taker,” which means it can’t increase or decrease prices. It must follow the price that supply and demand levels determine. Complete equality means no individual buyer or seller in a perfectly competitive market can affect product prices. Examples of...
The challenge for the monopolist is to strike a profit-maximizing balance between the price it charges and the quantity that it sells.What is the Difference Between Perceived Demand and Market Demand? The demand curve as perceived by a perfectly competitive firm is not the overall market demand...
The firm in a perfectly competitive market is a price taker. This designation as a price taker is based on the assumption that___.A.the firm has some, but not complete, control over its product priceB.there is easy entry into or exit from the market p
The firm in a perfectly competitive market is a price taker.This designation as a price taker is based on the assumption that___.A.the firm has some, but not complete, control over its product priceB.there is easy entry into or exit from the market p
What makes a perfectly competitive firm efficient market? 1. Do Monopolistically competitive firms generate a long-run profit? 2. Why is a monopolistic competition said to be inefficient? If a perfectly competitive firm shuts down in the short run, A. economic profit = 0. B...
In perfect competition, the demand faced by a single firm is perfectly: elastic, because many other firms produce the same standardized product. elastic, because the firm produces a differentiated pro In a perfectly competitive market, which ...
• Show why the fact that a competitive firm is a price taker implies that the demand curve facing the firm is perfectly horizontal. • Explore a competitive firm's optimal output choice in the short run and how the firm's short-run supply curve may be derived through this output ...
An imperfectly competitive firm is one: A. that attempts but fails to compete perfectly. B. with the ability to set the price at any level it wishes. C. that possesses some degree of control over its price. D. that faces perfectly inelastic demand. ...