Since under price leadership by the dominant firm the firms, Ask an Expert

Economics

Since under price leadership by the dominant firm, the firms in the industry following the leader behave as perfect competitors or price takers by always producing where the price set by the leader equals the sum of their marginal cost curves, the followers break even in the long run. True or false? Explain.

View complete question

Business Economics, Economics

Category:- Business Economics
Reference No.:- M9438069

Have any Question?Write your Review or question?

Related Questions in Business Economics

Do you believe corporation pose as a risk to our national

Do you believe corporation pose as a risk to our national economy and to domestic employees based upon external shocks to our economy as well as government regulations and Obamacare?

An electronics store receives a shipment of 37 graphing

An electronics store receives a shipment of 37 graphing calculators, including 5 that are defective. Eight calculators are chosen at random to be sent to a local high school. How many selections contain 3 defective?

Please explain what is ssd and does the device driver

Please explain what is SSD? and Does the device driver interface to a disk change dramatically if the disk is a SSD (solid state disk)? Explain why?

Heightnbspinnbspinchesnbsp69nbsp67nbsp69nbsp71nbsp70nbsp72nb

Height in inches 69 67 69 71 70 72 Weight in lbs 164 161 189 192 184 198 a) Find the equation of the regression line with height as the explanatory variable and use the regression line to find the predicted ...

Suppose the annualized yield on a one-year security today

Suppose the annualized yield on a one-year security today is 0.01. The markets expect the annualized yield on a one-year security to be 0.02 one year from today, 0.03 two years from today, and 0.04 three years from today ...

1population parametric mean 53501standard deviation

1) Population (parametric) mean= 53.501 Standard deviation = 1.79208 Imagine that 5 individuals are sampled at random from this population. Calculate the probability that the average calculated will be less than the valu ...

Three friends tom jerry and mary were having coffee in the

Three friends, Tom, Jerry and Mary were having coffee in the GOSSIP CAFÉ and were discussing their job prospects. Tom told his mates that he has just resigned from his current job because he worked long hours and did not ...

You are given the sample mean and the population standard

You are given the sample mean and the population standard deviation. Use this information to construct the 90% and 95% confidence intervals for the population mean. A random sample of 44 gas grills has a mean price of ...

To investigate this a random sample of 18 bean leaflets was

To investigate this, a random sample of 18 bean leaflets was taken. The freezing temperatures were: -1.6 -0.9 -1.3 -2.7 -1.9 -2.2 -3.1 -2.3 -2.1 -0.2 -2.7 -2.9 -2.3 -3.8 -3.6 -4.3 -2.0 -3.3. Make a histogram of the data ...

Mormons have a mission requirement to be admitted into

Mormons have a mission requirement to be admitted into their church. On average, the probability of converting someone is .03. How many people will Mormons on their mission have to interact with to ensure there is a prob ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Business Economics Expert