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

Author Question: The major difference between monopolistic competition and monopoly is (Read 99 times)

chads108

  • Hero Member
  • *****
  • Posts: 507
on: May 24, 2019
The major difference between monopolistic competition and monopoly is
◦ monopoly is a price setter, and a firm in monopolistic competition is a price taker.
◦ only a monopoly can make an economic profit in the long run.
◦ only a firm in monopolistic competition can make an economic profit in the short run.
◦ how the quantity of output is determined.
◦ only firms in monopolistic competition are protected by barriers to entry.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by chads108 on May 24, 2019

GCabra

  • Sr. Member
  • ****
  • Posts: 331
Reply #1 on: May 24, 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 29% of students answer this correctly


chads108

  • Hero Member
  • *****
  • Posts: 507
Reply #2 on: May 24, 2019
Thank you!


GCabra

  • Sr. Member
  • ****
  • Posts: 331
Reply #3 on: May 24, 2019
Always glad to help...


« previous next »
 

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

The major classes of vertebrates The major classes of vertebrates
Positron emission tomography (PET) image showing the difference in the metabolic activity of the bra Positron emission tomography (PET) image showing the difference in the metabolic activity of the bra
The Major Divisions of the Visual Cortex of the Rhesus Monkey The Major Divisions of the Visual Cortex of the Rhesus Monkey
Body systems and their major functions. Body systems and their major functions.
Major Muscles: Origins, Insertions, and Actions Major Muscles: Origins, Insertions, and Actions
Major Animal Phyla Major Animal Phyla
Video: Types of Transport - Uniport, Antiport and Symport (Glucose and Na+K+ Transporters)

For a complete list of videos, visit our video library