« previous next »

Author Question: In equilibrium under monopolistic competition: a. firms always earn profits in the short run. b. ... (Read 36 times)

newbem

  • Hero Member
  • *****
  • Posts: 579
on: Jun 30, 2018
In equilibrium under monopolistic competition:
 a. firms always earn profits in the short run.
 b. firms always suffer losses in the short run.
 c. output is at the socially efficient level in the long run.
  d. marginal revenue is less than price.

Question 2

The IMF comprises of 50 member countries including all developed countries, and a few countries of Asia and Latin America.
 a. True
  b. False
  Indicate whether the statement is true or false


SeanoH09

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

False


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

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.

A track inside an ignition coil is not a short, but rather it is a low-resistance path or hole that ... A track inside an ignition coil is not a short, but rather it is a low-resistance path or hole that ...
Short, Upbeat Massage Sessions can Improve Mental Alertness. Short, Upbeat Massage Sessions can Improve Mental Alertness.
The relationship between the permissible exposure limit (PEL), the short-term exposure limit (STEL), ... The relationship between the permissible exposure limit (PEL), the short-term exposure limit (STEL), ...
Biking competition in the park Biking competition in the park
If you are able to earn 6.2% compounded semi-annually in an account, how long will it take for ... If you are able to earn 6.2% compounded semi-annually in an account, how long will it take for ...
Write equilibrium constant expressions for the following reactions in terms of concentration: Write equilibrium constant expressions for the following reactions in terms of concentration:
Video: Hyperglycemia Animation

For a complete list of videos, visit our video library