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

Author Question: A firm in monopolistic competition can determine what price to charge for its product because of ... (Read 104 times)

newbem

  • Hero Member
  • *****
  • Posts: 579
A firm in monopolistic competition can determine what price to charge for its product because of
 
  A) barriers to entry.
  B) economies of scale.
  C) product differentiation.
  D) the fact there are many buyers.

Question 2

The marginal product and average product curves
 
  A) never intersect.
  B) intersect at the maximum point of the marginal product curve.
  C) intersect at the maximum point of the average product curve.
  D) do not intersect at any predictable point.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Hikerman221

  • Sr. Member
  • ****
  • Posts: 346
Answer to Question 1

C

Answer to Question 2

C




newbem

  • Member
  • Posts: 579
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it


komodo7

  • Member
  • Posts: 322
Reply 3 on: Yesterday
Excellent

 

Did you know?

Drugs are in development that may cure asthma and hay fever once and for all. They target leukotrienes, which are known to cause tightening of the air passages in the lungs and increase mucus productions in nasal passages.

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Did you know?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

For a complete list of videos, visit our video library