This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: In monopolistic competition, each firm supplies a ________ part of the total market output and its ... (Read 78 times)

mrsjacobs44

  • Hero Member
  • *****
  • Posts: 500
on: Jun 29, 2018
In monopolistic competition, each firm supplies a ________ part of the total market output and its actions ________ the actions of the other firms.
 
  A) small; do not directly affect
  B) small; directly affect
  C) large; do not directly affect
  D) large; directly affect

Question 2

Higher resource costs shift the
 
  A) long-run aggregate supply curve leftward, decreasing real GDP and increasing potential GDP.
  B) short-run aggregate supply curve leftward, raising the price level and decreasing potential GDP.
  C) short-run aggregate supply curve leftward, raising the price level and decreasing real GDP so it is less than potential GDP.
  D) short-run aggregate supply curve rightward, raising the price level and decreasing real GDP so it is less than potential GDP.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

adf223

  • Sr. Member
  • ****
  • Posts: 304
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


mrsjacobs44

  • Member
  • Posts: 500
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

duy1981999

  • Member
  • Posts: 341
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

The most common treatment options for addiction include psychotherapy, support groups, and individual counseling.

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

A horse and rider in dressage competition at the Olympics A horse and rider in dressage competition at the Olympics
Part of this child's pattern of daily living is attending child care during the work day Part of this child's pattern of daily living is attending child care during the work day
Rotation Rotation–Moving a body part around a central axis. Rotation Rotation–Moving a body part around a central axis.
Recent history of biochemistry shown by the introduction of new techniques. (part 2) Recent history of biochemistry shown by the introduction of new techniques. (part 2)
How to factor and solve quadratic trinomials (Part 1) How to factor and solve quadratic trinomials (Part 1)
Video: Deafness Culture

For a complete list of videos, visit our video library