This topic contains a solution. Click here to go to the answer

Author Question: The greater the product differentiation between monopolistically competitive firms A) the lower ... (Read 67 times)

EAugust

  • Hero Member
  • *****
  • Posts: 550
The greater the product differentiation between monopolistically competitive firms
 
  A) the lower the barriers to entry.
  B) the greater the price elasticity of demand.
  C) the higher the average variable costs.
  D) the lower the price elasticity of demand.

Question 2

Which of the following statements about full employment is correct? I. Full employment means that the unemployment rate is less than 1/2 of 1 percent. II. Full employment means that the transaction costs associated with getting a job are zero.
 
  A) I only
  B) II only
  C) Both I and II
  D) Neither I nor II



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

debra928

  • Sr. Member
  • ****
  • Posts: 342
Answer to Question 1

B

Answer to Question 2

D




EAugust

  • Member
  • Posts: 550
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review


xthemafja

  • Member
  • Posts: 348
Reply 3 on: Yesterday
Excellent

 

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

For a complete list of videos, visit our video library