« previous next »

Author Question: A monopolistically competitive firm makes positive economic profits if ________. A) price is less ... (Read 72 times)

Alygatorr01285

  • Hero Member
  • *****
  • Posts: 564
on: Jun 29, 2018
A monopolistically competitive firm makes positive economic profits if ________.
 
  A) price is less than average total cost
  B) price is higher than average total cost
  C) price equals marginal cost
  D) price equals average fixed cost

Question 2

In a competitive market, there are a ________ number of buyers and a ________ number of sellers.
 
  A) large; small
  B) small; large
  C) small; small
  D) large; large


hollysheppard095

  • Sr. Member
  • ****
  • Posts: 339
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

Alygatorr01285

  • Hero Member
  • *****
  • Posts: 564
Reply #2 on: Jun 29, 2018
Thank you :)


hollysheppard095

  • Sr. Member
  • ****
  • Posts: 339
Reply #3 on: Jun 29, 2018
Happy to help you


« previous next »
 

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Did you know?

The effects of organophosphate poisoning are referred to by using the abbreviations “SLUD” or “SLUDGE,” It stands for: salivation, lacrimation, urination, defecation, GI upset, and emesis.

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Economic and Social Development Economic and Social Development
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 ...
economic economic
economic question economic question
economic question economic question
"The Department of Agriculture came out today with its prediction for food price "The Department of Agriculture came out today with its prediction for food price
Video: Protein Secondary and Tertiary Structures - Animation

For a complete list of videos, visit our video library