« previous next »

Author Question: Which of the following characteristics does perfect competition share with monopolistic competition? ... (Read 32 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?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Did you know?

HIV testing reach is still limited. An estimated 40% of people with HIV (more than 14 million) remain undiagnosed and do not know their infection status.

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Did you know?

Though newer “smart” infusion pumps are increasingly becoming more sophisticated, they cannot prevent all programming and administration errors. Health care professionals that use smart infusion pumps must still practice the rights of medication administration and have other professionals double-check all high-risk infusions.

Did you know?

The average human gut is home to perhaps 500 to 1,000 different species of bacteria.

Spider-characteristics Spider-characteristics
Characteristics of the three types of muscles. Characteristics of the three types of muscles.
J. P. Morgan, the financial genius, staved off ruinous competition among steel firms by combining mo J. P. Morgan, the financial genius, staved off ruinous competition among steel firms by combining mo
Branched-chain amino acid oxidation, fatty acid b-oxidation, and the citric acid cycle share a commo Branched-chain amino acid oxidation, fatty acid b-oxidation, and the citric acid cycle share a commo
Common Characteristics of the Inheritance of Autosomal Recessive Traits Seen in Pedigrees Common Characteristics of the Inheritance of Autosomal Recessive Traits Seen in Pedigrees
Histone Protein Characteristics Histone Protein Characteristics
Video: Secretin (inhibiting gastric acid secretion), Cholecystokinin (fat digestion) & Cholecystokinin

For a complete list of videos, visit our video library