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Author Question: The number of firms in a monopolistically competitive market will be smaller if A) the market ... (Read 74 times)

fagboi

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The number of firms in a monopolistically competitive market will be smaller if
 
  A) the market demand curve shifts rightward.
  B) the minimum efficient scale is lower.
  C) fixed costs are smaller.
  D) fixed costs are larger.

Question 2

The difference between the marginal expenditure and the wage is greater when the supply curve of labor is
 
  A) less elastic at the monopsony optimum.
  B) more elastic at the monopsony optimum.
  C) more elastic than the demand curve.
  D) The difference does not depend on any elasticity.


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jointhecircus

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fagboi

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Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it


milbourne11

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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