« previous next »

Author Question: Which of the following characteristics does perfect competition share with monopolistic competition? ... (Read 35 times)

hbsimmons88

  • Hero Member
  • *****
  • Posts: 526
on: Jun 30, 2018
Which of the following characteristics does perfect competition share with monopolistic competition?
 a. price-taking firms
  b. zero long-run economic profit
  c. homogeneous product
  d. some barriers to entry
  e. economies of scale in production

Question 2

Rationality implies that in order to get what they want, people will spend the most time and effort
 a. making private market decisions
  b. getting politically involved
  c. investigating political candidates' platforms
  d. debating social issues
  e. writing to Congress


HandsomeMarc

  • Sr. Member
  • ****
  • Posts: 360
Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Did you know?

Medication errors are three times higher among children and infants than with adults.

Did you know?

Oxytocin is recommended only for pregnancies that have a medical reason for inducing labor (such as eclampsia) and is not recommended for elective procedures or for making the birthing process more convenient.

Did you know?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

Characteristics of an effective leader Characteristics of an effective leader
Richard Wrangham’s “female-bonded” theory of intergroup competition was highly influential in our un Richard Wrangham’s “female-bonded” theory of intergroup competition was highly influential in our un
Characteristics of a Eukaryotic Cell Characteristics of a Eukaryotic Cell
Specialized values and interests are two of the characteristics that mark subcultures. What values ... Specialized values and interests are two of the characteristics that mark subcultures. What values ...
European swimming competition European swimming competition
Characteristics of Some Protist Groups Characteristics of Some Protist Groups
Video: Hormonal regulation of pregnancy - weeks 17 through 38

For a complete list of videos, visit our video library