This topic contains a solution. Click here to go to the answer

Author Question: A monopolistic competitor is like a monopolist in that: a. it sells in the inelastic portion of its ... (Read 79 times)

charchew

  • Hero Member
  • *****
  • Posts: 579
A monopolistic competitor is like a monopolist in that:
 a. it sells in the inelastic portion of its demand curve.
  b. it earns zero economic profit in the long run.
 c. the marginal revenue curve lies above the AR curve.
  d. it faces a downward-sloping demand curve.

Question 2

Because of their greediness, speculators are considered bad for exchange-rate markets.
 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

ecox1012

  • Sr. Member
  • ****
  • Posts: 344
Answer to Question 1

d

Answer to Question 2

True




charchew

  • Member
  • Posts: 579
Reply 2 on: Jun 30, 2018
Gracias!


lcapri7

  • Member
  • Posts: 350
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

For a complete list of videos, visit our video library