Answer:
$1
Explanation:
If a price-searcher firm can sell 4 units at a price of S6 or it can sell 5 units at a price of $5, the marginal revenue from the fifth unit is b. $5 c. $6. d. $25. Neither price takers nor competitive price searchers will be able to earn long-run economic profit because a. with low entry barriers, the entry and exit of firms result in prices that are equal to per-unit costs in the long run. competition from new firms will result in higher prices in the market, which offset any economic losses they earn in both markets, firms charge a price equal to marginal cost. in both markets, firms produce products that are identical to the products produced by their competitors. b. c. d.
