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

Author Question: Monopolistically competitive firms prevent the efficient use of resources because in long-run equilibrium (Read 72 times)

SGallaher96

  • Hero Member
  • *****
  • Posts: 509
on: Apr 19, 2019

Question 1

In long-run monopolistically competitive equilibrium, there can be


◦ economic profits, but not losses.
◦ economic profits or losses.
◦ no economic profits, but losses.
◦ neither economic profits nor losses.

Question 2

Monopolistically competitive firms prevent the efficient use of resources because in long-run equilibrium


◦ price is less than marginal cost.
◦ price is greater than marginal cost.
◦ price equals marginal cost.
◦ marginal cost is greater than average total cost.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by SGallaher96 on Apr 19, 2019

ryrychapman11

  • Sr. Member
  • ****
  • Posts: 334
Reply #1 on: Apr 19, 2019
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 64% of students answer this correctly


SGallaher96

  • Hero Member
  • *****
  • Posts: 509
Reply #2 on: Apr 19, 2019
Thank you!


ryrychapman11

  • Sr. Member
  • ****
  • Posts: 334
Reply #3 on: Apr 19, 2019
Always glad to help...


« previous next »
 

Did you know?

The eye muscles are the most active muscles in the whole body. The external muscles that move the eyes are the strongest muscles in the human body for the job they have to do. They are 100 times more powerful than they need to be.

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

Competitive inhibition Competitive inhibition
Processing—Mineral Resources Processing—Mineral Resources
With a three-way catalytic converter, emission control is most efficient with an air–fuel ratio ... With a three-way catalytic converter, emission control is most efficient with an air–fuel ratio ...
A cutaway of a typical water pump showing the long bearing assembly and the seal. The weep hole is ... A cutaway of a typical water pump showing the long bearing assembly and the seal. The weep hole is ...
These findings are from Colby and Kohlberg's long-term longitudinal study These findings are from Colby and Kohlberg's long-term longitudinal study
Video: Wound Care

For a complete list of videos, visit our video library