Author Question: The demand curve for the product of a monopolistically competitive firm slopes downward because ... (Read 170 times)

sdfghj

  • Hero Member
  • *****
  • Posts: 552
The demand curve for the product of a monopolistically competitive firm slopes downward because
 
  A) products are perceived by consumers as different.
  B) products are homogeneous.
  C) people only care about price when they buy a good.
  D) the firm's goal is to maximize profits.

Question 2

For developing countries, one of the more effective ways to become more developed is
 
  A) to invest in secondary schools.
  B) to invest more in the military.
  C) to increase trade barriers.
  D) to reduce direct foreign investment.


jennafosdick

  • Sr. Member
  • ****
  • Posts: 345
Answer to Question 1

A

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

Complications of influenza include: bacterial pneumonia, ear and sinus infections, dehydration, and worsening of chronic conditions such as asthma, congestive heart failure, or diabetes.

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

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.

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

For a complete list of videos, visit our video library