- In The Graph Below What Scale Of Operation Represents The Long Run Tendency Of The Market C Cost P Price Marginal C 1 (17.02 KiB) Viewed 17 times
- In The Graph Below What Scale Of Operation Represents The Long Run Tendency Of The Market C Cost P Price Marginal C 2 (18.78 KiB) Viewed 17 times
- In The Graph Below What Scale Of Operation Represents The Long Run Tendency Of The Market C Cost P Price Marginal C 3 (19.53 KiB) Viewed 17 times
- In The Graph Below What Scale Of Operation Represents The Long Run Tendency Of The Market C Cost P Price Marginal C 4 (13.12 KiB) Viewed 17 times
In the graph below, showing a monopolistic competitor with weak product differentiation, what is the market equilibrium price and the market equilibrium quantity in the long run? Cost MC AC Output Q=50 Q=65 p=$9.00 p=$8.00 p=$7.00 p=$3.00
p=$9.00 p=$8.00 p=$7.00 p=$3.00 O a. p $3.00, Q-50 Ob.p $7.00, Q=65 c. p-$8.00, Q-65 Odp=$9.00, Q-50 Q-50 Q=65 AG Output
Question 3 The government subsidy for creating a COVID vaccine and to the delivery to all citizens in the US is a violation of free market principles. It is a govement intervention which is socially desirable, but does create a price distortion. Among the kinds of price detotions that we identified in class so far, which one best describes the government subidy for the COVIDvace? On The subsidy for the COVID vaccine is most similar to proprietary information, because the govemment promises not to release to the general public the details of the process for creating the vaccin Oh. The subody for the COVID vaccine extematzes both a cost and a berent. Those who receive it do not pay its fut nost (in their texas), and some will pay for it in their saves) without receiving it The subsidy for the COVID vaccine is most similar to a trademark, because the subsidy conveys CDC approval of the vaccine, which is an assurance of quality Od The subity for the COVID vaccine is a Damer to enty, because only those companies that were already chose to achieving a vaccine were given the subsidy