write my assignment 11900

the total quantity sold will usually be larger thanChoose one answer.a. if companies were interdependent.b. if perfect competition prevailed.c. if total costs were minimized.d. if profit were maximized.An industry characterized by a small number of dominant firms that face downward-sloping demand curves is best described as:Choose one answer.a. monopolistically competitive.b. an oligopoly.c. a monopoly.d. perfectly competitive.Which of the following distinctions helps to explain the difference between relevant and irrelevant cost?Choose one answer.a. historical cost vs. replacement costb. sunk cost vs. fixed costc. variable cost vs. incremental costd. accounting cost vs. direct costSimulation analysisChoose one answer.a. does not permit the calculation of expected value and standard deviation.b. permits the calculation of expected value and standard deviation.c. does not consider probabilities.d. is too complex to ever be used in actual business situations.Which of the following is the best example of a monopolistically competitive market?Choose one answer.a. The wheat market.b. The restaurant market.c. The electricity market.d. The market for automobiles.A perfectly competitive firm has the cost function: TC = 1000 + 2Q + 0.1 Q2What is the lowest price at which this firm can break even?Other things being equal

 

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