### Since underprice leadership by the dominant firm

Assignment Help Microeconomics
##### Reference no: EM13789459

Since underprice 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.

### Previous Q& A

#### Estimate the population regression model

1. True, False, Explain (Say whether each statement answer is true or false, then explain why. Your grade depends on the quality of your explanation). a. Suppose you estimate the population regression model

#### Planned level of the cost driver lead to a death spiral

How might computing the cost driver rate by using the planned level of the cost driver lead to a death spiral? Please explain in 4-5 sentences.

#### What is the future value of an annuity of an annual deposit

What is the future value of an annuity of an annual deposit of \$200 at the end of the year for three years at 10% per annum?

#### What is the rate of interest

Suppose you deposit \$2,000 today and your account will accumulate to \$4,000 in 10 years. What is the rate of interest?

#### Deposit-obtain the number of years

Suppose you deposit \$2,000 today and your acount will accumulate to \$4,500 at 8.45% annually. Obtain the number of years.

#### Predetermined cost driver rates used when recording job cost

Why are predetermined cost driver rates used when recording job costs?

#### Do you anticipate any changes to the demand and or supply of

You are required to pick a product or service you use in your everyday life and describe the market for this product. Address the following questions: What factors influence the demand for this product? What factors influence the supply of this produ..

#### How much do you have to deposit at the end

How much do you have to deposit at the end of each year if you need \$20,000 in 10 years, assuming k = 6%?

#### Deduction that she may claim in connection with bad debt

Ashley is an attorney who specializes in family law. She uses the cash method of accounting and is a calendar-year taxpayer. Last year, she represented a client in a lawsuit and billed the client \$5,000 for her services, Although she made repeated at..

#### Pertaining to the purchase of a new piece of equipment

Acme Company has the following information pertaining to the purchase of a new piece of equipment.

### Similar Q& A

#### Profit per unit equals

The aggregate supply curve shows the relationship between the aggregate price level and: Profit per unit equals:

#### How large an increase in the money supply

Why is it not possible for the Fed to predict exactly how large an increase in the money supply (M1) will result from a given open market purchase.

#### Describe how rationing function of price in short run and

competition and efficiency - use your understanding of pricing and output decision under different market structures

#### The price elasticity of demand for subway rides

Use this data to estimate the price Elasticity of demand for subway rides

#### Policy of production and employment within the economy

What are the effects on monetary policy of production and employment within the economy

#### Determine how much did prices rise between the two years

If the demand for a good falls by less than the supply of the good rises, then equilibrium price will  and equilibrium quantity will . Decision making "at the margin" means making a choice based on of a decision.

#### 1 a significant difference between monopoly and perfect

1 a significant difference between monopoly and perfect competition is thata. free entry and exit is possible in a

#### Explain real rate of return in the stock market

Suppose the price that year rose by 8% and the real rate of return in the stock market was 4%. Your friend says she or he was being more than fair giving you more than the rate of inflation as a return, What do you think and Why?

#### How to spend time on sociology and none on economics

Martha is preparing for exams in economics and sociology. She has time to read 40 pages of economics and 30 pages of sociology. In the same amount of time she could also read 30 pages of economics and 60 pages of sociology.

#### Marty mad is an employee of big box

Marty Mad is an employee of Big Box. When Marty was hired, Big Box was in a jam to get more workers, so it did not do a background check. Marty works as a stocker and occasionally as a checker.

#### Consulting group that has been contracted by toyota corporat

Your team is a consulting group that has been contracted by Toyota Corporation.

#### Why does the average physical product curve slope downwards

Why does the Average Physical product curve slope downwards so soon? What's the relationship between Average physical product curve and Marginal physical product curve?