One method that firms in many nations use to exit the market

One method that firms in many nations use to exit the market is the use of: statutory laws. the federal code. bankruptcy laws. antitrust laws the uniform commercial code. Question 10 4 pts If the market price of oats is $2.5 per bushel and a farmer decides to sell at $2.8 per bushel, he is likely to sell: more than 5 bushels per day. more than 10 bushels per day. nothing. less than 5 bushels per day. 10 bushels per day.

Solution

Question 9

Statutory laws

Question 10

Nothing. Since this is a perfect competitive market, and demand is perfectly elastic.

Question 11

Movie theaters are able to offer discount to senior citizens because

Answer is first choice. This is price discrimination.

Question 12

Increase production. The monopolist can increase profit by increasing output.

Question 11