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Author Question: Which of the following characteristics does perfect competition share with monopolistic competition? ... (Read 76 times)

hbsimmons88

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  • 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
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  • Posts: 360
Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

A


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