« previous next »

Author Question: A monopolistically competitive firm faces a downward-sloping demand curve because A) of product ... (Read 73 times)

bobbie

  • Hero Member
  • *****
  • Posts: 592
on: Jun 29, 2018
A monopolistically competitive firm faces a downward-sloping demand curve because
 
  A) of product differentiation.
  B) its market decisions are affected by the decisions of its rivals.
  C) it is able to control price and quantity demanded.
  D) there are few substitutes for its product.

Question 2

Which of the following is not a characteristic of a perfectly competitive market structure?
 
  A) There are restrictions on exit of firms.
  B) There are no restrictions to entry by new firms.
  C) There are a very large number of firms that are small compared to the market.
  D) All firms sell identical products.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


ebonylittles

  • Sr. Member
  • ****
  • Posts: 318
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

The training of an anesthesiologist typically requires four years of college, 4 years of medical school, 1 year of internship, and 3 years of residency.

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

Did you know?

On average, the stomach produces 2 L of hydrochloric acid per day.

The S-curve in the human vertebral column--a result of the evolution of bipedality--makes humans hig The S-curve in the human vertebral column--a result of the evolution of bipedality--makes humans hig
Bell Curve for Intelligence IQ scores for a population-based sample usually fall into this kind of Bell Curve for Intelligence IQ scores for a population-based sample usually fall into this kind of
Product & Process Influences - Sterile Products Product & Process Influences - Sterile Products
The Radioactive Decay Curve The Radioactive Decay Curve
Competitive firms and maximization Competitive firms and maximization
Saturation curve for hemoglobin of humans, llamas, and other mammals. Saturation curve for hemoglobin of humans, llamas, and other mammals.
Video: hGH (protein synthesis, growth and development)

For a complete list of videos, visit our video library