« previous next »

Author Question: A monopolistically competitive firm faces a downward-sloping demand curve because A) of product ... (Read 111 times)

bobbie

  • Hero Member
  • *****
  • Posts: 592
on: Jun 29, 2018
A monopolistically competitive firm faces a downward-sloping demand curve because
 
  A) of product differentiation.
  B) its market decisions are affected by the decisions of its rivals.
  C) it is able to control price and quantity demanded.
  D) there are few substitutes for its product.

Question 2

Which of the following is not a characteristic of a perfectly competitive market structure?
 
  A) There are restrictions on exit of firms.
  B) There are no restrictions to entry by new firms.
  C) There are a very large number of firms that are small compared to the market.
  D) All firms sell identical products.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


ebonylittles

  • Sr. Member
  • ****
  • Posts: 318
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

Nearly 31 million adults in America have a total cholesterol level that is more than 240 mg per dL.

The titration curve of the buffer acetic acid (CH3COOH) The titration curve of the buffer acetic acid (CH3COOH)
A depiction of slaves on a South Carolina plantation, around 1790. Likely of Yoruba descent, they pl A depiction of slaves on a South Carolina plantation, around 1790. Likely of Yoruba descent, they pl
Oxygen dissociation curve Oxygen dissociation curve
Gently squeeze/milk the arm with twisting motion. With oil or lotion on hands, use gentle but firm ... Gently squeeze/milk the arm with twisting motion. With oil or lotion on hands, use gentle but firm ...
Competitive inhibitor Competitive inhibitor
The demand for energy is met by burning coal and other fossil fuels The demand for energy is met by burning coal and other fossil fuels
Video: Audiology

For a complete list of videos, visit our video library