Author Question: Firms in monopolistic competition charge prices that are ________ those of the other firms in the ... (Read 43 times)

jon_i

  • Hero Member
  • *****
  • Posts: 549
Firms in monopolistic competition charge prices that are ________ those of the other firms in the market.
 
  A) close to
  B) very different from
  C) the same as
  D) completely unrelated to

Question 2

In the above figure, a price of 15 per dozen for roses would result in
 
  A) equilibrium.
  B) a shortage.
  C) a surplus.
  D) downward pressure on prices.



jesse.fleming

  • Sr. Member
  • ****
  • Posts: 301
Answer to Question 1

A

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Atropine, along with scopolamine and hyoscyamine, is found in the Datura stramonium plant, which gives hallucinogenic effects and is also known as locoweed.

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

Did you know?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

For a complete list of videos, visit our video library