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

Author Question: Which of the following conditions distinguishes perfect competition from monopolistic competition? ... (Read 63 times)

hubes95

  • Hero Member
  • *****
  • Posts: 561
on: Jun 30, 2018
Which of the following conditions distinguishes perfect competition from monopolistic competition?
 a. the number of sellers
 b. freedom of entry and exit
 c. homogeneity of the product
  d. none of the above

Question 2

Assume that a Chrysler automobile sells for 15,000 in the United States and that the exchange rate is 1 = 1.3 . For purchasing power parity to hold, the same car should sell in Germany for:
 a. 15,000.
  b. 11,538.
  c. 19,500.
  d. 1,538.
  e. 15,500.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Missbam101

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

c


hubes95

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

ASDFGJLO

  • Member
  • Posts: 335
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Did you know?

Vampire bats have a natural anticoagulant in their saliva that permits continuous bleeding after they painlessly open a wound with their incisors. This capillary blood does not cause any significant blood loss to their victims.

The black-capped chickadee is a permanent resident in biomes with harsh winter conditions. The black-capped chickadee is a permanent resident in biomes with harsh winter conditions.
An individual's performance can be limited by environmental conditions, such as temperature. Ac An individual's performance can be limited by environmental conditions, such as temperature. Ac
J. P. Morgan, the financial genius, staved off ruinous competition among steel firms by combining mo J. P. Morgan, the financial genius, staved off ruinous competition among steel firms by combining mo
Interventions for Selected Co-Occurring Conditions Interventions for Selected Co-Occurring Conditions
Hill plots of oxygen binding for myoglobin and hemoglobin under physiological conditions Hill plots of oxygen binding for myoglobin and hemoglobin under physiological conditions
How to choose the right payment plan with changing conditions (Question 2) How to choose the right payment plan with changing conditions (Question 2)
Video: Pores and Ion Channels

For a complete list of videos, visit our video library