« previous next »

Author Question: The entry of new firms into a monopolistic competitive industry will shift the: a. market demand ... (Read 51 times)

student77

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

d

Answer to Question 2

d


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Did you know?

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

Many types of edible fungi are grown for the market. Many types of edible fungi are grown for the market.
A passenger train crosses Stony Creek Bridge in the Rocky Mountains in 1878. Railroads were importan A passenger train crosses Stony Creek Bridge in the Rocky Mountains in 1878. Railroads were importan
Example of Index entry for an anatomic site with a cross-reference. Example of Index entry for an anatomic site with a cross-reference.
The CHRIS manual entry for toluene. Useful information includes response information, chemical and ... The CHRIS manual entry for toluene. Useful information includes response information, chemical and ...
The demand for oil can be reduced significantly with the introduction of new higher vehicle mileage The demand for oil can be reduced significantly with the introduction of new higher vehicle mileage
Stock Market Question Stock Market Question
Video: Introduction to Spirometry

For a complete list of videos, visit our video library