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

Author Question: Which of the following is NOT true of firms in monopolistic competition? A) They are price ... (Read 136 times)

danielfitts88

  • Hero Member
  • *****
  • Posts: 535
on: Jun 29, 2018
Which of the following is NOT true of firms in monopolistic competition?
 
  A) They are price takers.
  B) They practice product differentiation.
  C) They have excess capacity in the long run.
  D) They earn a normal profit in the long run.

Question 2

Trade war occurs when, after a tariff is imposed, other countries retaliate with their own tariff.
 
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

CAPTAINAMERICA

  • Sr. Member
  • ****
  • Posts: 325
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

TRUE


danielfitts88

  • Member
  • Posts: 535
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

momolu

  • Member
  • Posts: 320
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

For pediatric patients, intravenous fluids are the most commonly cited products involved in medication errors that are reported to the USP.

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Did you know?

The eye muscles are the most active muscles in the whole body. The external muscles that move the eyes are the strongest muscles in the human body for the job they have to do. They are 100 times more powerful than they need to be.

A stallion with a proven competition record is one criterion for being a suitable sire. A stallion with a proven competition record is one criterion for being a suitable sire.
Adapoids and omomyoids had longer snouts and are the first “true” primates. Adapoids and omomyoids had longer snouts and are the first “true” primates.
U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994 U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994
Biking competition in the park Biking competition in the park
Anterosuperior view of true pelvis (blue) Anterosuperior view of true pelvis (blue)
European swimming competition European swimming competition
Video: Nervous pathway to the Neuromuscular (NMJ)

For a complete list of videos, visit our video library