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

Author Question: In an oligopoly A) there are many firms. B) there is one firm. C) there are few firms. D) ... (Read 52 times)

hubes95

  • Hero Member
  • *****
  • Posts: 561
on: Jun 30, 2018
In an oligopoly
 A) there are many firms.
  B) there is one firm.
  C) there are few firms.
  D) firms openly collude.

Question 2

In monopolistic competition
 A) firms can earn long-run economic profit due to product differentiation.
  B) firms are unable to earn economic profit over the long run.
  C) firms can only earn accounting profits over the long-run.
  D) firms can block entry.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

HandsomeMarc

  • Sr. Member
  • ****
  • Posts: 360
Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

B


hubes95

  • Member
  • Posts: 561
Reply 2 on: Jun 30, 2018
Excellent

amcvicar

  • Member
  • Posts: 341
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

Did you know?

Cyanide works by making the human body unable to use oxygen.

Did you know?

The people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

John Lewis Krimmel’s painting of the Fourth of July in Centre Square Philadelphia (1812) shows the d John Lewis Krimmel’s painting of the Fourth of July in Centre Square Philadelphia (1812) shows the d
Firms Incorporated into U.S. Steel Firms Incorporated into U.S. Steel
Greet a First-Time Client With a Firm Handshake. Greet a First-Time Client With a Firm Handshake.
Neck stretch. Rest the receiver’s head on the palm of your right hand, taking a firm hold on the ... Neck stretch. Rest the receiver’s head on the palm of your right hand, taking a firm hold on the ...
Economic objectives of firms Economic objectives of firms
Competitive firms and maximization Competitive firms and maximization
Video: Rods and Cones Animation

For a complete list of videos, visit our video library