Problems-1 in the short run new firms may enter a, Ask an Expert

Economics

Problems-

1. In the short run, new firms may enter a competitive market structure.

A) True

B) False

2. Which of the following is considered third-degree price discrimination?

A) separate prices charged for business passengers and regular travelers on an airplane

B) charging block rates on utilities

C) charging different prices to consumers at a flea market

D) charging different prices at a used car dealership

Additional Information-

These multiple choice problems belong to Economics. The first problem discusses about new firms entering competitive market structure and the second problem discusses about third degree price discrimination.

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Microeconomics, Economics

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