Monopolistically competitive firms do not achieve productive ...

[mcmcdaniel]

Monopolistically competitive firms do not achieve productive efficiency because
 a. entry of firms raises production costs in the long run
  b. barriers to entry allow profit to be earned in the long run
  c. price is greater than marginal cost at the profit maximizing output level
  d. profit is maximized at a quantity where average total cost is not minimized
  e. there is no threat of entry in the long run

Question 2

Agricultural subsidies in the United States are paid for by
 a. consumers of the product
  b. taxpayers and consumers
  c. other industries
  d. special taxes
  e. import tariffs

[ririgirl15]

Answer to Question 1

D

Answer to Question 2

B