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

Author Question: If there are a large number of firms in a monopolistically competitive industry A) long-run ... (Read 60 times)

danielfitts88

  • Hero Member
  • *****
  • Posts: 535
If there are a large number of firms in a monopolistically competitive industry
 
  A) long-run profit will be equal to zero.
  B) the country in which the firms are located can be expected to export the goods they produce.
  C) there will be barriers to entry that prevent addition firms from entering the industry.
  D) the firms will converge production on a standardized product.
  E) there will be a small number of firms that are very large and the rest will be very small.

Question 2

Which agreement removes customs and passport controls at the common borders of many EU countries?
 
  What will be an ideal response?



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

heyhey123

  • Sr. Member
  • ****
  • Posts: 353
Answer to Question 1

A

Answer to Question 2

Schengen Agreement




danielfitts88

  • Member
  • Posts: 535
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)


lkanara2

  • Member
  • Posts: 329
Reply 3 on: Yesterday
Gracias!

 

Did you know?

Everyone has one nostril that is larger than the other.

Did you know?

The first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

Did you know?

The training of an anesthesiologist typically requires four years of college, 4 years of medical school, 1 year of internship, and 3 years of residency.

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

For a complete list of videos, visit our video library