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

Author Question: The market structure in which a large number of firms compete by making similar but slightly ... (Read 118 times)

misspop

  • Hero Member
  • *****
  • Posts: 540
on: Jun 29, 2018
The market structure in which a large number of firms compete by making similar but slightly different products is called
 
  A) monopoly.
  B) monopolistic competition.
  C) perfect competition.
  D) oligopoly.

Question 2

The figure above shows short-run cost curves for a perfectly competitive firm. If the price of the product is 8, in the short run the firm will
 
  A) make zero economic profit.
  B) make an economic profit.
  C) incur an economic loss.
  D) None of the above answers is correct because more information is needed to determine the firm's economic profit or loss.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Chocorrol77

  • Sr. Member
  • ****
  • Posts: 313
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


misspop

  • Member
  • Posts: 540
Reply 2 on: Jun 29, 2018
Gracias!

flexer1n1

  • Member
  • Posts: 373
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Approximately one in three babies in the United States is now delivered by cesarean section. The number of cesarean sections in the United States has risen 46% since 1996.

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

Did you know?

Bacteria have been found alive in a lake buried one half mile under ice in Antarctica.

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

The domain structure of a STAT protein The domain structure of a STAT protein
Cell-wall structure of Gram-positive and Gram-negative bacteria. Cell-wall structure of Gram-positive and Gram-negative bacteria.
Changes in chromosome number Changes in chromosome number
Illustration of the penicillin structure. The β-lactam ring gives penicillin its antibacterial ... Illustration of the penicillin structure. The β-lactam ring gives penicillin its antibacterial ...
The tertiary structure of BPTI The tertiary structure of BPTI
Polyps, or abnormal growths, on the lining of the large intestine may indicate early stages of colon Polyps, or abnormal growths, on the lining of the large intestine may indicate early stages of colon
Video: Photosynthesis and Van Helmont Experiment

For a complete list of videos, visit our video library