Author Question: Refer to the table above. When the ________ is employed, diminishing marginal returns sets ... (Read 52 times)

dmcintosh

  • Hero Member
  • *****
  • Posts: 517
Refer to the table above. When the ________ is employed, diminishing marginal returns sets in.

Question 2

Why does a monopolistic competitor earn zero economic profits in the long run?



xthemafja

  • Sr. Member
  • ****
  • Posts: 348
Answer to Question 1



Answer to Question 2




Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

After a vasectomy, it takes about 12 ejaculations to clear out sperm that were already beyond the blocked area.

Did you know?

There are more nerve cells in one human brain than there are stars in the Milky Way.

Did you know?

Malaria mortality rates are falling. Increased malaria prevention and control measures have greatly improved these rates. Since 2000, malaria mortality rates have fallen globally by 60% among all age groups, and by 65% among children under age 5.

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

Did you know?

Limit intake of red meat and dairy products made with whole milk. Choose skim milk, low-fat or fat-free dairy products. Limit fried food. Use healthy oils when cooking.

For a complete list of videos, visit our video library