Author Question: Of the following high-income countries, which has the lowest infant mortality rate? A) Canada B) ... (Read 218 times)

moongchi

  • Hero Member
  • *****
  • Posts: 516
Of the following high-income countries, which has the lowest infant mortality rate?
 
  A) Canada B) Japan
  C) the United Kingdom D) the United States

Question 2

What happens in the long run if firms in a monopolistically competitive industry are incurring economic losses? Explain.
 
  What will be an ideal response?



vkodali

  • Sr. Member
  • ****
  • Posts: 357
Answer to Question 1

B

Answer to Question 2

If firms in a monopolistically competitive industry are incurring economic losses, firms will exit the market. As firms exit, the demand curve facing each remaining firm begins to shift to the right. This process continues until the remaining firms are no longer incurring losses. The above is also true of perfectly competitive firms as well.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

vkodali

  • Sr. Member
  • ****
  • Posts: 357

 

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

The first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

Did you know?

Tobacco depletes the body of vitamins A, C, and E, which can result in any of the following: dry hair, dry skin, dry eyes, poor growth, night blindness, abscesses, insomnia, fatigue, reproductive system problems, sinusitis, pneumonia, frequent respiratory problems, skin disorders, weight loss, rickets, osteomalacia, nervousness, muscle spasms, leg cramps, extremity numbness, bone malformations, decayed teeth, difficulty in walking, irritability, restlessness, profuse sweating, increased uric acid (gout), joint damage, damaged red blood cells, destruction of nerves, infertility, miscarriage, and many types of cancer.

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

For a complete list of videos, visit our video library