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Author Question: Vouchers given to consumers A) increase the demand for a good. B) decrease the demand for a ... (Read 101 times)

cabate

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on: Jun 29, 2018
Vouchers given to consumers
 
  A) increase the demand for a good.
  B) decrease the demand for a good.
  C) increase the supply of a good.
  D) decrease the supply of a good.
  E) increase both the demand for the good and the supply of the good.

Question 2

Which of the following is a difference between an oligopoly with differentiated products and a monopolistic competition?
 
  A) There are no barriers to entry in an oligopoly with differentiated products, while there are huge barriers to entry in a monopolistic competition.
  B) There are huge barriers to entry in an oligopoly with differentiated products, while there are minimal barriers to entry in a monopolistically competitive market.
  C) Firms in an oligopoly market with differentiated products charge a price higher than marginal cost in the long run, while firms in a monopolistic competition charge a price lower than marginal cost in the long run.
  D) Firms in an oligopoly with differentiated products charge a price lower than average total cost in the long run, while firms in a monopolistic competition earn a price higher than average total cost in the long run.


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Benayers

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


cabate

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

lcapri7

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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