This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Perfect competition and monopolistic competition are similar in that firms in both types of market ... (Read 146 times)

Jkov05

  • Hero Member
  • *****
  • Posts: 556
on: Jul 1, 2018
Perfect competition and monopolistic competition are similar in that firms in both types of market structure will
 
  A) act as price takers.
  B) produce a level of output where price equals marginal cost.
  C) earn zero profit in the long run.
  D) act as price setters.

Question 2

Assume a firm is a monopoly and enjoys 10,000,000 profits per year. The firm lobbies to have a moratorium passed by Congress on new firms in its market for the next 25 years. If there is no discount rate, how much would the firm be willing to pay to deter entry?
 
  A) 250 million
  B) 25 million
  C) 100 million
  D) 250 billion
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

IAPPLET

  • Sr. Member
  • ****
  • Posts: 333
Reply #1 on: Jul 1, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 58% of students answer this correctly


Jkov05

  • Member
  • Posts: 556
Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

ebonylittles

  • Member
  • Posts: 318
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Bacteria have been found alive in a lake buried one half mile under ice in Antarctica.

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

Types of transporters based on the direction of transport. Types of transporters based on the direction of transport.
Representative fruit types Representative fruit types
Examples of three types of joints found in the body. Examples of three types of joints found in the body.
Types of suture material. Types of suture material.
Various types of skin lesions. Various types of skin lesions.
Basic Cloud Types Basic Cloud Types
Video: Subunits of DNA And Semi Conservative Replication

For a complete list of videos, visit our video library