This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: For a monopolistically competitive firm in long run equilibrium: a. marginal revenue equals ... (Read 134 times)

jake

  • Hero Member
  • *****
  • Posts: 538
on: Jun 30, 2018
For a monopolistically competitive firm in long run equilibrium:
 a. marginal revenue equals marginal cost and price equals average cost.
 b. the economic profits it is earning will soon be competed away by entry.
  c. accounting profits are zero and price equals marginal cost.
 d. marginal revenue equals marginal cost and average total cost is minimized.

Question 2

Farmers can avoid the free rider problem associated with the benefits received from beekeepers by:
 a. forming local associations who contract with beekeepers.
  b. excluding non payers from using the services provided by beekeepers.
  c. fixing a low charge for the service provided by beekeepers.
  d. contracting with selective beekeepers and giving them a share of farm output.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

fur

  • Sr. Member
  • ****
  • Posts: 309
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

A


jake

  • Member
  • Posts: 538
Reply 2 on: Jun 30, 2018
Wow, this really help

kthug

  • Member
  • Posts: 332
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Did you know?

There are more nerve cells in one human brain than there are stars in the Milky Way.

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Anopheles larva from southern Germany, about 8 mm long Anopheles larva from southern Germany, about 8 mm long
Hydrostatic Equilibrium Hydrostatic Equilibrium
A wave whose wavelength is 0.500 m is traveling down a 500-m long wire whose total mass is 25 ... A wave whose wavelength is 0.500 m is traveling down a 500-m long wire whose total mass is 25 ...
Experiments showing that long- or short-day plants flower in response to night length. Each horizont Experiments showing that long- or short-day plants flower in response to night length. Each horizont
Write the acidic equilibrium equation for HC₆H₅O. Write the acidic equilibrium equation for HC₆H₅O.
The Hardy–Weinberg equilibrium for autosomal genes The Hardy–Weinberg equilibrium for autosomal genes
Video: Depolarization of the SA node, Action potentials of the myocardium & ANS effects

For a complete list of videos, visit our video library