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Question 10 1 pts Which of the following lists below correctly ranks these markets in terms of sellers from most to least? a monopolistic competition,
Question 10 1 pts Which of the following lists below correctly ranks these markets in terms of sellers from most to least? a monopolistic competition, perfect competition, oligopoly, monopoly b.perfect competition, oligopoly, monopolistic competition, monopoly c. monopoly, oligopoly, perfect competition, monopolistic competition d. perfect competition, monopolistic competition, oligopoly, monopoly e. monopolistic competition, perfect competition, monopoly, oligopoly 1 pts Question 11 Use the table below to answer questions 11 and 12. Output Total Variable Cost 0 0 1 100 190 N 3 270 4 370 5 480 6 600 7 730 B 870 11: If the good produced can be sold for $125 and this form has fixed costs of $200 for rent, how many units will they produce in the short run? d.5 U Question 12 1 pts This firm is making a loss in the short run (spoiler alert). When this form has the chance to renegotiate their rent, what is the most they can afford to pay in rent and continue operating in the long run? a $175 b. $150 c$125 d. $100 e. $75. Question 13 1 pts Which of the following statements is accurate about perfect competition in the short run? a. A form must operate even if they are making a loss, since they can't get out of their fixed costs. b. Profits and losses can exist since the short run does not afford enough time for firms to enter or exit the market The short run does not afford enough time for firms to get out of obligations such as rent. d. (b) and (c) e all of the above
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