« previous next »

Author Question: In the table above, the firm producing the product is A) a monopoly. B) an oligopoly. C) a ... (Read 50 times)

CORALGRILL2014

  • Hero Member
  • *****
  • Posts: 525
on: Jun 29, 2018
In the table above, the firm producing the product is
 
  A) a monopoly.
  B) an oligopoly.
  C) a duopoly.
  D) perfectly competitive.

Question 2

How is a monopolistically competitive firm similar to a perfectly competitive firm?
 
  A) Both will observe entry into the industry if economic profit is positive.
  B) Both produce where average total cost equals marginal cost.
  C) Both make a positive economic profit in the long run.
  D) Both produce a homogeneous good.


canderson530

  • Sr. Member
  • ****
  • Posts: 317
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

Most fungi that pathogenically affect humans live in soil. If a person is not healthy, has an open wound, or is immunocompromised, a fungal infection can be very aggressive.

Wheelchair Transfer to a Chair or Examination Table Wheelchair Transfer to a Chair or Examination Table
The hazmat training pyramid. It is important to train from the ground up, starting with a firm grasp ... The hazmat training pyramid. It is important to train from the ground up, starting with a firm grasp ...
Table showing comparing between Parental Plants vs. Offspring Table showing comparing between Parental Plants vs. Offspring
A 23 kg mass is connected to a nail on a frictionless table by a massless string 1.3 m long. ... A 23 kg mass is connected to a nail on a frictionless table by a massless string 1.3 m long. ...
table table
Table - Correlation Analysis Table - Correlation Analysis
Video: Ultrasound of a Fetus (Sonogram)

For a complete list of videos, visit our video library