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

Author Question: As new firms enter a monopolistic competitive industry, it can be expected that: a. market price ... (Read 72 times)

Melani1276

  • Hero Member
  • *****
  • Posts: 516
on: Jun 30, 2018
As new firms enter a monopolistic competitive industry, it can be expected that:
 a. market price will increase.
  b. the output of existing firms will increase.
  c. profits of existing firms will increase.
  d. market demand should decrease.
  e. profits of existing firms will decrease.

Question 2

The opportunity costs associated with the use of resources owned by a firm are:
 a. externalities.
  b. implicit costs.
  c. explicit costs.
  d. sunk costs.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

scikid

  • Sr. Member
  • ****
  • Posts: 300
Reply #1 on: Jun 30, 2018
Answer to Question 1

e

Answer to Question 2

b


Melani1276

  • Hero Member
  • *****
  • Posts: 516
Reply #2 on: Jun 30, 2018
Correct answers!


scikid

  • Sr. Member
  • ****
  • Posts: 300
Reply #3 on: Jun 30, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

Did you know?

Congestive heart failure is a serious disorder that carries a reduced life expectancy. Heart failure is usually a chronic illness, and it may worsen with infection or other physical stressors.

Did you know?

Medication errors are three times higher among children and infants than with adults.

Did you know?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

Firms Incorporated into U.S. Steel Firms Incorporated into U.S. Steel
Economic objectives of firms Economic objectives of firms
The net price of an article is $79.84. What is the list price if a discount of 23% was allowed? The net price of an article is $79.84. What is the list price if a discount of 23% was allowed?
The expected results of two generations of semiconservative replication The expected results of two generations of semiconservative replication
Iraqi market Iraqi market
Refer to Scenario 3.1. If the price of potato chips is $0.50 and the price of Cola is $4.00, ... Refer to Scenario 3.1. If the price of potato chips is $0.50 and the price of Cola is $4.00, ...
Video: Introduction to Diabetes

For a complete list of videos, visit our video library