« previous next »

Author Question: A monopolistically competitive firm makes positive economic profits if ________. A) price is less ... (Read 44 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?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

Alan Price - Poor People Alan Price - Poor People
Number of positive, negative, and neutral images recalled by younger, middle-age, and older adults. ... Number of positive, negative, and neutral images recalled by younger, middle-age, and older adults. ...
The Mantoux tuberculin skin test. Positive reaction. The Mantoux tuberculin skin test. Positive reaction.
Basic two-handed kneading. Tissues are lifted with the whole hand in firm contact. Basic two-handed kneading. Tissues are lifted with the whole hand in firm contact.
Positive and Negative Punishment Positive and Negative Punishment
Nader makes semi-annual payments of $3000 to pay off his loan. Because of unemployment, he ... Nader makes semi-annual payments of $3000 to pay off his loan. Because of unemployment, he ...
Video: Skin Cancer

For a complete list of videos, visit our video library