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

Author Question: Which of the following is false? a. Long run equilibrium in monopolistic competition results in ... (Read 319 times)

Frost2351

  • Hero Member
  • *****
  • Posts: 557
on: Jun 30, 2018
Which of the following is false?
 a. Long run equilibrium in monopolistic competition results in zero economic profits.
 b. Monopolistic competitor's demand curves are likely to be more elastic than those of monopolists.
 c. Monopolistic competition results in a greater variety of products than perfect competition.
 d. Monopolistic competition's zero economic profit long run equilibrium is efficient, like the zero profit equilibrium in perfect competition.

Question 2

Which of the following remedies can be used to prevent the beekeeper and the farmer from breaking the contract?
 a. Separating the ownership and management of the bees and trees.
  b. Merging the ownership and management of the bees and the trees.
  c. Providing the farmer a larger share of the net benefit received from the contract.
  d. Providing the bee keeper a larger share of the net benefit received from the contract.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jomama

  • Sr. Member
  • ****
  • Posts: 346
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

B


Frost2351

  • Member
  • Posts: 557
Reply 2 on: Jun 30, 2018
:D TYSM

Alyson.hiatt@yahoo.com

  • Member
  • Posts: 354
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

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

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Examples of the results of sexual selection, a type of natural selection. Examples of the results of sexual selection, a type of natural selection.
Testing the effects of long-term fertilizing on inter-actions between mycorrhizal fungi and plants o Testing the effects of long-term fertilizing on inter-actions between mycorrhizal fungi and plants o
Long bones develop from several bony centers--one for the shaft and at least one for each end. The e Long bones develop from several bony centers--one for the shaft and at least one for each end. The e
Long stroke used in lymphatic facilitation. Long stroke used in lymphatic facilitation.
Human activity has released carbon from sequestration in long-term reservoirs Human activity has released carbon from sequestration in long-term reservoirs
Write equilibrium constant expressions for the following reactions in terms of concentration: Write equilibrium constant expressions for the following reactions in terms of concentration:
Video: Structure of Amino Acid, Peptide Bonds & Polypeptides

For a complete list of videos, visit our video library