Discuss about new firm entering competitive market structure

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Reference no: EM13825650

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.

Reference no: EM13825650

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