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

Author Question: Even though monopolistic competition results in inefficiency, it does have which of the following ... (Read 47 times)

ashley

  • Hero Member
  • *****
  • Posts: 584
on: May 24, 2019
Even though monopolistic competition results in inefficiency, it does have which of the following benefits for society?
◦ Firms make zero economic profit in the long run.
◦ Firms can make an economic profit in the short run.
◦ Product variety benefits consumers.
◦ Marginal cost equals price in the long run.
◦ The premise of the question is incorrect because nothing in monopolistic competition justifies any economic inefficiency.
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 ashley on May 24, 2019

bdobbins

  • Sr. Member
  • ****
  • Posts: 326
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 42% of students answer this correctly


ashley

  • Hero Member
  • *****
  • Posts: 584
Reply #2 on: May 24, 2019
Thank you!


bdobbins

  • Sr. Member
  • ****
  • Posts: 326
Reply #3 on: May 24, 2019
Always glad to help...


« previous next »
 

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

Did you know?

Intradermal injections are somewhat difficult to correctly administer because the skin layers are so thin that it is easy to accidentally punch through to the deeper subcutaneous layer.

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Competition among Paramecium species. Competition among Paramecium species.
J. P. Morgan, the financial genius, staved off ruinous competition among steel firms by combining mo J. P. Morgan, the financial genius, staved off ruinous competition among steel firms by combining mo
The immune response results from activation of the humoral and cell-mediated immune systems The immune response results from activation of the humoral and cell-mediated immune systems
Results of the serial dilution technique and subsequent culture of bacteria Results of the serial dilution technique and subsequent culture of bacteria
Results of mixing blood of the same or differing ABO blood types Results of mixing blood of the same or differing ABO blood types
Maternal Serum Screen Results Indicating an Abnormality Maternal Serum Screen Results Indicating an Abnormality
Video: ribosome

For a complete list of videos, visit our video library