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

Author Question: In the long run, the price charged by a monopolistic competitor will: a. equal marginal cost. b. ... (Read 137 times)

nmorano1

  • Hero Member
  • *****
  • Posts: 598
on: Jun 30, 2018
In the long run, the price charged by a monopolistic competitor will:
 a. equal marginal cost.
 b. equal average total cost.
 c. equal marginal revenue.
 d. be characterized by both b. and c.

Question 2

Other things equal, the higher the deviations from purchasing power, the lesser will be the arbitrage opportunities.
 a. True
  b. False
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Zebsrer

  • Sr. Member
  • ****
  • Posts: 284
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

False


nmorano1

  • Hero Member
  • *****
  • Posts: 598
Reply #2 on: Jun 30, 2018
Thank you :)


Zebsrer

  • Sr. Member
  • ****
  • Posts: 284
Reply #3 on: Jun 30, 2018
Happy to help you


« previous next »
 

Did you know?

Always store hazardous household chemicals in their original containers out of reach of children. These include bleach, paint, strippers and products containing turpentine, garden chemicals, oven cleaners, fondue fuels, nail polish, and nail polish remover.

Did you know?

Cucumber slices relieve headaches by tightening blood vessels, reducing blood flow to the area, and relieving pressure.

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

Did you know?

The people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Endochondral ossification of long bone. Endochondral ossification of long bone.
Torque is a twisting force equal to the distance from the pivot point times the force applied ... Torque is a twisting force equal to the distance from the pivot point times the force applied ...
How to create a price index to calculate inflation for a basket of goods How to create a price index to calculate inflation for a basket of goods
U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994 U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994
Cost of Laptops Cost of Laptops
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 ...
Video: How to find out if a population is evolving?

For a complete list of videos, visit our video library