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

Author Question: In a monopolistically competitive industry, the competitive element results from ____ and the ... (Read 99 times)

APUS57

  • Hero Member
  • *****
  • Posts: 571
on: Jun 30, 2018
In a monopolistically competitive industry, the competitive element results from ____ and the monopoly element results from ____.
 a. product differentiation; substantial barriers to entry.
 b. a large number of firms and free entry; product differentiation.
  c. advertising; product differentiation.
 d. product differentiation; the small number of large producers.

Question 2

Lawyer Ayres and economist Levitt considered the net benefits of installing a LoJack from the society's standpoint positive, because the annual installation and service charges on this equipment was:
 a. more than the average loss per stolen car.
  b. higher than the auto theft insurance paid by car owners
  c. lower than the auto theft insurance paid by car owners.
  d. less than the average loss per year due to deterred theft.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

vkodali

  • Sr. Member
  • ****
  • Posts: 357
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

D


APUS57

  • Member
  • Posts: 571
Reply 2 on: Jun 30, 2018
:D TYSM

ultraflyy23

  • Member
  • Posts: 312
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

The term bacteria was devised in the 19th century by German biologist Ferdinand Cohn. He based it on the Greek word "bakterion" meaning a small rod or staff. Cohn is considered to be the father of modern bacteriology.

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Did you know?

The longest a person has survived after a heart transplant is 24 years.

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

The traits Mendel used in his experiments, and the results of the F1 and F2 generation crosses. The traits Mendel used in his experiments, and the results of the F1 and F2 generation crosses.
Elements found in the element cube Elements found in the element cube
If the gauge reading is now much higher than the first test results, then the cause of the low ... If the gauge reading is now much higher than the first test results, then the cause of the low ...
Effects of competitive inhibition on enzyme kinetics Effects of competitive inhibition on enzyme kinetics
Results of Mendel’s Experiments Results of Mendel’s Experiments
phylogenetic results using the TCF7L2 transcripting mRNA sequence for the 4 listed taxa phylogenetic results using the TCF7L2 transcripting mRNA sequence for the 4 listed taxa
Video: What is an ecosystem?

For a complete list of videos, visit our video library