Author Question: In a monopolistically competitive market, the lower the firms' fixed costs, A) the higher the ... (Read 10 times)

CQXA

  • Hero Member
  • *****
  • Posts: 546
In a monopolistically competitive market, the lower the firms' fixed costs,
 
  A) the higher the deadweight loss.
  B) the less firms are active in equilibrium.
  C) the more firms are active in the equilibrium.
  D) the higher the prices charged.

Question 2

In the first years of a professional athlete's career, the athlete is under reserve, which means that he or she cannot negotiate with other teams. After a specified amount of time, the player can become a free agent. This implies that, everything else equal,
 
  A) the player's salary is probably higher as a free agent than as a reserve player.
  B) the player's salary is probably lower as a free agent than as a reserve player.
  C) the player's salary is probably the same as a free agent and as a reserve player.
  D) the free agent status is not granted to every player.


lindahyatt42

  • Sr. Member
  • ****
  • Posts: 322
Answer to Question 1

C

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

Did you know?

The shortest mature adult human of whom there is independent evidence was Gul Mohammed in India. In 1990, he was measured in New Delhi and stood 22.5 inches tall.

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Did you know?

The term bacteria was devised in the 19th century by German biologist Ferdinand Cohn. He based it on the Greek word "bakterion" meaning a small rod or staff. Cohn is considered to be the father of modern bacteriology.

Did you know?

More than 150,000 Americans killed by cardiovascular disease are younger than the age of 65 years.

For a complete list of videos, visit our video library