Author Question: Entry into a monopolistically competitive industry A) is relatively easy. B) is very difficult. ... (Read 36 times)

HCHenry

  • Hero Member
  • *****
  • Posts: 591
Entry into a monopolistically competitive industry
 
  A) is relatively easy.
  B) is very difficult.
  C) can be easy or difficult, depending on the type of product.
  D) is about the same as entering a monopoly industry.

Question 2

How does the imposition of an excise tax on a good affect its market equilibrium?
 
  A) Equilibrium quantity decreases, and equilibrium price decreases.
  B) Equilibrium quantity decreases, and equilibrium price increases.
  C) Equilibrium quantity increases, and equilibrium price decreases.
  D) Equilibrium quantity increases, and equilibrium price increases



livaneabi

  • Sr. Member
  • ****
  • Posts: 328
Answer to Question 1

A

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

For a complete list of videos, visit our video library