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

Author Question: A monopolistically competitive firm is like a monopoly firm insofar as A) both face perfectly ... (Read 114 times)

stock

  • Hero Member
  • *****
  • Posts: 573
on: Jun 29, 2018
A monopolistically competitive firm is like a monopoly firm insofar as
 
  A) both face perfectly elastic demand.
  B) both earn an economic profit in the long run.
  C) both have MR curves that lie below their demand curves.
  D) neither is protected by high barriers to entry.

Question 2

A cartel is a group of firms which agree to
 
  A) behave competitively.
  B) raise the price of their product.
  C) lower the price of their product.
  D) increase the amount they produce.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

scottmt

  • Sr. Member
  • ****
  • Posts: 322
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

B


stock

  • Member
  • Posts: 573
Reply 2 on: Jun 29, 2018
:D TYSM

pratush dev

  • Member
  • Posts: 321
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

The most common treatment options for addiction include psychotherapy, support groups, and individual counseling.

Did you know?

It is widely believed that giving a daily oral dose of aspirin to heart attack patients improves their chances of survival because the aspirin blocks the formation of new blood clots.

Did you know?

Though Candida and Aspergillus species are the most common fungal pathogens causing invasive fungal disease in the immunocompromised, infections due to previously uncommon hyaline and dematiaceous filamentous fungi are occurring more often today. Rare fungal infections, once accurately diagnosed, may require surgical debridement, immunotherapy, and newer antifungals used singly or in combination with older antifungals, on a case-by-case basis.

Did you know?

The most common childhood diseases include croup, chickenpox, ear infections, flu, pneumonia, ringworm, respiratory syncytial virus, scabies, head lice, and asthma.

Did you know?

Always store hazardous household chemicals in their original containers out of reach of children. These include bleach, paint, strippers and products containing turpentine, garden chemicals, oven cleaners, fondue fuels, nail polish, and nail polish remover.

The face of a caterpillar with the mouthparts showing The face of a caterpillar with the mouthparts showing
Spiral Galaxies (Nearly Face-on Views) Spiral Galaxies (Nearly Face-on Views)
Monopoly, patented in 1935, was an instant best-seller: Players risk all their assets in an attempt Monopoly, patented in 1935, was an instant best-seller: Players risk all their assets in an attempt
The location of the fusiform face area and the MT area: Damage to the fusiform face area is ... The location of the fusiform face area and the MT area: Damage to the fusiform face area is ...
Competitive inhibitor Competitive inhibitor
A 2.8-kg tool can move on a perfectly smooth ramp that slants at 42° above the horizontal. ... A 2.8-kg tool can move on a perfectly smooth ramp that slants at 42° above the horizontal. ...
Video: Atrophy

For a complete list of videos, visit our video library