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

Author Question: In the long run, monopolistically competitive firms have: a. excess capacity. b. positive profits. ... (Read 36 times)

APUS57

  • Hero Member
  • *****
  • Posts: 571
on: Jun 30, 2018
In the long run, monopolistically competitive firms have:
 a. excess capacity.
  b. positive profits.
  c. minimal average costs.
  d. homogeneous production.

Question 2

Given the prices of two goods, all quantity combinations inside the budget line are:
 a. indifferent.
  b. efficient.
  c. unattainable.
  d. attainable.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

frankwu0507

  • Sr. Member
  • ****
  • Posts: 322
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

d


APUS57

  • Member
  • Posts: 571
Reply 2 on: Jun 30, 2018
Wow, this really help

pratush dev

  • Member
  • Posts: 321
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

After a vasectomy, it takes about 12 ejaculations to clear out sperm that were already beyond the blocked area.

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

Did you know?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

Did you know?

Multiple experimental evidences have confirmed that at the molecular level, cancer is caused by lesions in cellular DNA.

Did you know?

The top 10 most important tips that will help you grow old gracefully include (1) quit smoking, (2) keep your weight down, (3) take supplements, (4) skip a meal each day or fast 1 day per week, (5) get a pet, (6) get medical help for chronic pain, (7) walk regularly, (8) reduce arguments, (9) put live plants in your living space, and (10) do some weight training.

Deficiency/Vice, Mean/Virtue, Excess/Vice Deficiency/Vice, Mean/Virtue, Excess/Vice
Hormones acting through the brain help regulate metabolism and short- and long-term appetite. Hormones acting through the brain help regulate metabolism and short- and long-term appetite.
Constant velocity versus positive velocity Constant velocity versus positive velocity
Apply long effleurage stroke to entire arm, from hand to shoulder. Brush off from shoulder to hand. ... Apply long effleurage stroke to entire arm, from hand to shoulder. Brush off from shoulder to hand. ...
Long-term relationships, especially those who are married, having a child Long-term relationships, especially those who are married, having a child
Flexible exchange rates are supposed to prevent long-term trade deficits. Flexible exchange rates are supposed to prevent long-term trade deficits.
Video: Erythropoietin (EPO)

For a complete list of videos, visit our video library