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Author Question: In the long run, in monopolistic competition A) a firm's price equals its marginal cost. B) ... (Read 29 times)

Charlie

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on: Jun 29, 2018
In the long run, in monopolistic competition
 
  A) a firm's price equals its marginal cost.
  B) firms make an economic profit.
  C) firms make zero economic profit.
  D) Both answers A and C are correct.

Question 2

The Sherman Act of 1890 was passed to prohibit
 
  A) combinations, trusts, or conspiracies to restrict interstate or international trade.
  B) monopolization or attempts to monopolize interstate or international trade.
  C) both of the above.
  D) neither of the above.


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nital

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

C


Charlie

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  • Posts: 640
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

strudel15

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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