Compared to a firm in perfect competition, the monopolistically ...

[NClaborn]

Compared to a firm in perfect competition, the monopolistically competitive firm tends to
 a. produce less and charge a higher price
  b. produce less and charge a lower price
  c. produce more and charge a lower price
  d. produce more and charge a higher price
  e. produce the same quantity

Question 2

If general tax revenues were used to subsidize production of toothpicks, the government's actions would have
 a. widespread benefits and costs
  b. widespread costs and concentrated benefits
  c. concentrated benefits and costs
  d. widespread benefits and concentrated costs
  e. widespread benefits and either widespread or concentrated costs

[snackralk]

Answer to Question 1

A

Answer to Question 2

B

[NClaborn]

Correct answers!

[snackralk]

Great! Please up vote