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

Author Question: For a firm in monopolistic competition, innovation and product development are (Read 72 times)

Redwolflake15

  • Hero Member
  • *****
  • Posts: 569
on: May 24, 2019
For a firm in monopolistic competition, innovation and product development are
◦ senseless because economic profit is always zero in the long run.
◦ necessary in order to have a chance of making at least a short-run economic profit.
◦ inconsequential because each firm produces a different product.
◦ necessary to allow new firms to enter.
◦ uncommon because other firms already produce similar products.
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 Redwolflake15 on May 24, 2019

tkempin

  • Sr. Member
  • ****
  • Posts: 332
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 49% of students answer this correctly


Redwolflake15

  • Hero Member
  • *****
  • Posts: 569
Reply #2 on: May 24, 2019
TY


tkempin

  • Sr. Member
  • ****
  • Posts: 332
Reply #3 on: May 24, 2019
You're welcome


« previous next »
 

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

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?

Cutaneous mucormycosis is a rare fungal infection that has been fatal in at least 29% of cases, and in as many as 83% of cases, depending on the patient's health prior to infection. It has occurred often after natural disasters such as tornados, and early treatment is essential.

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

Development of epithelial appendages Development of epithelial appendages
Stem cells in late development Stem cells in late development
Cloud Types: Vertical Development Cloud Types: Vertical Development
How to use the product rule to find the derivative of a function How to use the product rule to find the derivative of a function
Fetus Development Fetus Development
Development of Foliation due to Directed Pressure Development of Foliation due to Directed Pressure
Video: Interview with Person having Obsessive Compulsive Disorder

For a complete list of videos, visit our video library