This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The greater the product differentiation between monopolistically competitive firms A) the lower ... (Read 58 times)

EAugust

  • Hero Member
  • *****
  • Posts: 550
on: Jun 29, 2018
The greater the product differentiation between monopolistically competitive firms
 
  A) the lower the barriers to entry.
  B) the greater the price elasticity of demand.
  C) the higher the average variable costs.
  D) the lower the price elasticity of demand.

Question 2

Which of the following statements about full employment is correct? I. Full employment means that the unemployment rate is less than 1/2 of 1 percent. II. Full employment means that the transaction costs associated with getting a job are zero.
 
  A) I only
  B) II only
  C) Both I and II
  D) Neither I nor II


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

debra928

  • Sr. Member
  • ****
  • Posts: 342
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

D


EAugust

  • Member
  • Posts: 550
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

Joy Chen

  • Member
  • Posts: 354
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

Adult head lice are gray, about ? inch long, and often have a tiny dot on their backs. A female can lay between 50 and 150 eggs within the several weeks that she is alive. They feed on human blood.

Did you know?

Every flu season is different, and even healthy people can get extremely sick from the flu, as well as spread it to others. The flu season can begin as early as October and last as late as May. Every person over six months of age should get an annual flu vaccine. The vaccine cannot cause you to get influenza, but in some seasons, may not be completely able to prevent you from acquiring influenza due to changes in causative viruses. The viruses in the flu shot are killed—there is no way they can give you the flu. Minor side effects include soreness, redness, or swelling where the shot was given. It is possible to develop a slight fever, and body aches, but these are simply signs that the body is responding to the vaccine and making itself ready to fight off the influenza virus should you come in contact with it.

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

Muscles of the Right Lower Extremity Muscles of the Right Lower Extremity
Generally, the total tax burden in the United States is much lower than that of other industrialize Generally, the total tax burden in the United States is much lower than that of other industrialize
How to use implicit differentiation How to use implicit differentiation
How to use implicit differentiation with higher order derivatives How to use implicit differentiation with higher order derivatives
Knead lower leg muscles by bending the knee until the foot is flat on the supporting surface. Reach ... Knead lower leg muscles by bending the knee until the foot is flat on the supporting surface. Reach ...
Anterior & Posterior View of Lower Limb (Extremity) Anterior & Posterior View of Lower Limb (Extremity)
Video: The pH scale - Strong acids and Weak acids

For a complete list of videos, visit our video library