What do mrres represents residual marginal revenue curve

Reference no: EM13200753

Assume that in the long run new firms enter the market lowering the total cost incurred by the fringe firms below the same incurred by the dominant firm. Which of the situations will arise?

the total output and price produced in an oligopoly market characterized by a dominant firm and a fringe. SF represents the supply curve of the fringe, D is the market demand curve, DRES represents the residual demand curve of the dominant firm, MRRES represents the residual marginal revenue curve of the dominant firm, and MCD represents the marginal cost of the dominant firm.

Reference no: EM13200753

Questions Cloud

Long-run supply curve is flatter than short-run supply curve : A long-run supply curve is flatter than a short-run supply curve because firms can enter and exit a market more easily in the long run than in the short run is it true or false.

How many are shorter : The sum of the heights of all the students in a class is 1,472 in. The median height is 5ft 2in. How many students are 5ft 2in or taller? How many are shorter?

Example of effective leadership : Which of the following is NOT an example of effective leadership?

How much did she have left : Kelly invested $1,500 in the stock market on January 1. She lost 1/3 of it by the end of January and 2/5 of the remaining amount by the end of February. How much did she have left?

What do mrres represents residual marginal revenue curve : SF represents the supply curve of the fringe, D is the market demand curve, DRES represents the residual demand curve of the dominant firm, MRRES represents the residual marginal revenue curve of the dominant firm.

Find a function that models the area of the window : A norman window has the shape of a rectangle surmounted by a semicircle as shown in figure to the left. A Norman window with perimeter 30 ft is to be constructed.

Trimmed mean drops the highest and lowest extreme : A "trimmed mean" drops the highest and lowest extreme values and averages the rest. By trimming the data, we are able to reduce the impact of very large or very small values on the mean, and thus get a more reliable measure of the central value of th..

What dimensions should be used so that the enclosed area : A rancher has 300 feet of fencing with which to enclose two adjacent rectangular corrals. What dimensions should be used so that the enclosed area will be a maximum?

What is the maximum product of two numers : what is the maximum product of two numers that add to 26? what numbers yeild to this product?

User Account

All Pages