« previous next »

Author Question: In monopolistic competition, there are ________. A) many firms selling products for which no good ... (Read 83 times)

silviawilliams41

  • Hero Member
  • *****
  • Posts: 560
on: Jun 29, 2018
In monopolistic competition, there are ________.
 
  A) many firms selling products for which no good substitutes exist
  B) many firms selling similar but slightly different products
  C) many firms, each selling an identical product
  D) a small number of firms, each selling an identical product

Question 2

Suppose a tax is imposed on sellers. The more inelastic the demand for the taxed item, the
 
  A) greater the share of the tax paid by sellers.
  B) smaller the deadweight loss from the tax.
  C) larger the decrease in consumption because of the tax.
  D) All of the above answers are correct.


adammoses97

  • Sr. Member
  • ****
  • Posts: 337
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

Did you know?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

Did you know?

The first oral chemotherapy drug for colon cancer was approved by FDA in 2001.

Did you know?

Every flu season is different, and even healthy people can get extremely sick from the flu, as well as spread it to others. The flu season can begin as early as October and last as late as May. Every person over six months of age should get an annual flu vaccine. The vaccine cannot cause you to get influenza, but in some seasons, may not be completely able to prevent you from acquiring influenza due to changes in causative viruses. The viruses in the flu shot are killed—there is no way they can give you the flu. Minor side effects include soreness, redness, or swelling where the shot was given. It is possible to develop a slight fever, and body aches, but these are simply signs that the body is responding to the vaccine and making itself ready to fight off the influenza virus should you come in contact with it.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Standardization of Selected Herbal Products Standardization of Selected Herbal Products
Canada's Major Fertilizer Producers and their Products Canada's Major Fertilizer Producers and their Products
Checking the voltage drop between the TP sensor ground and a good engine ground with the ignition ... Checking the voltage drop between the TP sensor ground and a good engine ground with the ignition ...
Common Fluoride Products Common Fluoride Products
The Excretory System Water and waste products from cells The Excretory System Water and waste products from cells
Selling Today: Partnering to Create Value (Manning/Ahearne/Reece) Selling Today: Partnering to Create Value (Manning/Ahearne/Reece)
Video: Role of the urinary system - acidosis and alkalosis

For a complete list of videos, visit our video library