Chapter 14 Firms in Competitive Markets Aplia
The demand curve that Vesoro faces is identical to which of its other curves? Check all that apply. Marginal revenue curve Average revenue curve Marginal cost curve Supply curve
Marginal revenue curve Average revenue curve
Several stores in the mall sell hooded sweatshirts . Each store 's sweatshirts reflect the style of that particular store. Additionally, some makers use higher-quality cotton than others, which is reflected in the apparel's prices.
No , not an identical product
Scholastik Inc. owns the U.S. copyright to a popular book series. It is the only company with the legal right to publish books in the series in the United States.
No, no free entry
The government has granted a patent to a pharmaceutical company for an experimental AIDS drug. That company is the only firm permitted to sell the drug
No, no free entry
The government has granted the U.S. Postal Service the exclusive right to deliver mail.
No, no free entry
In a major metropolitan area, one chain of coffee shops has gained a large market share because customers feel its coffee tastes better than that of its competitors.
No, not an identical product
There are hundreds of colleges that serve millions of students each year. The colleges vary by location, size, and educational quality, which allows students with diverse preferences to find schools that match their needs.
No, not an identical prouduct
A few major airlines account for the vast majority of air travel. Consumers view all airlines as providing basically the same service and will shop around for the lowest price.
No, not many sellers
In a small town, there are two providers of broadband Internet access: a cable company and the phone company. The Internet access offered by both providers is of the same speed.
No, not many sellers
permitted Two taxi companies serve most of the market in a big city Consumers don't care which taxi company they take-if they decide it's worth taking a taxi, they flag down the nearest one
No, not many sellers
Dozens of companies produce plain white socks. Consumers regard plain white as identical and don't who manufactures their socks.
Yes, meets all assumptions
There are dozens of pasta producers that sell pasta to hundreds of Italian restaurants nationwide. The restaurant owners buy from the cheapest pasta producer available to them.
Yes, meets all assumptions
There are hundreds of high school students in need of algebra tutoring services in New York City. Dozens of companies offer tutoring services, and the parents who seek out tutors view the quality of the tutoring at the different companies to be largely the same
Yes, meets all assumptions