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 189 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
Gracias!

rleezy04

  • Member
  • Posts: 322
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

Did you know?

The familiar sounds of your heart are made by the heart's valves as they open and close.

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

Did you know?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

Pneumothorax. Figure illustrates how puncture of thoracic wall and tearing of pleural membrane allow Pneumothorax. Figure illustrates how puncture of thoracic wall and tearing of pleural membrane allow
Agonists, partial agonists, and antagonists: (a) An agonist results in maximum response. (b) A ... Agonists, partial agonists, and antagonists: (a) An agonist results in maximum response. (b) A ...
Many diesel fuel additives increase the cetane rating which results in improved fuel economy. Many diesel fuel additives increase the cetane rating which results in improved fuel economy.
Food policy can drive the food industry Food policy can drive the food industry
Complement Activation and Results Complement Activation and Results
Results of Mendel’s crosses using pea plants. The numbers represent the F2 plants showing a given ... Results of Mendel’s crosses using pea plants. The numbers represent the F2 plants showing a given ...
Video: Calvin Cycle Explained!

For a complete list of videos, visit our video library