« previous next »

Author Question: When firms exit a monopolistically competitive market: a. product variety diminishes. b. prices ... (Read 103 times)

APUS57

  • Hero Member
  • *****
  • Posts: 571
on: Jun 30, 2018
When firms exit a monopolistically competitive market:
 a. product variety diminishes.
 b. prices fall.
 c. profits decrease (losses increase).
 d. the demand curves of established firms shift to the right.

Question 2

Although a LoJack benefits the community as a whole by lowering the incidence of theft, an individual car owner may prefer not to install it.
  Indicate whether the statement is true or false


duke02

  • Sr. Member
  • ****
  • Posts: 312
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

T


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The training of an anesthesiologist typically requires four years of college, 4 years of medical school, 1 year of internship, and 3 years of residency.

Did you know?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Did you know?

No drugs are available to relieve parathyroid disease. Parathyroid disease is caused by a parathyroid tumor, and it needs to be removed by surgery.

Did you know?

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

A variety of reptiles. A variety of reptiles.
The American Lion was one of the abundant Pleistocene megafauna, a wide variety of very large mammal The American Lion was one of the abundant Pleistocene megafauna, a wide variety of very large mammal
Primates use their space in a variety of ways: home ranges, core areas, and territories. Primates use their space in a variety of ways: home ranges, core areas, and territories.
Rivers Are a Product of Their Watersheds Rivers Are a Product of Their Watersheds
Use the product rule to find derivative Use the product rule to find derivative
To find the derivative use product rule To find the derivative use product rule
Video: Plant Defense Mechanisms from Pathogens

For a complete list of videos, visit our video library