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Author Question: The entry of new firms into a monopolistic competitive industry will shift the: a. market demand ... (Read 77 times)

student77

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  • Posts: 567
on: Jun 30, 2018
The entry of new firms into a monopolistic competitive industry will shift the:
 a. market demand curve to the right.
  b. market demand curve to the left.
  c. existing firm's demand curve to the right.
  d. existing firm's demand curve to the left.
  e. market supply curve to the left.

Question 2

Which of the following would be considered an implicit cost?
 a. Health insurance of employees paid for by the firm
  b. The water bill of the firm
  c. The salaries paid to the managers of the firm
  d. Foregone rent on assets owned by the firm


wtf444

  • Sr. Member
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  • Posts: 314
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

d


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