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

Author Question: A monopolistic firm is a: a. price taker that faces the market supply curve. b. price taker that ... (Read 124 times)

jc611

  • Hero Member
  • *****
  • Posts: 552
on: Jun 30, 2018
A monopolistic firm is a:
 a. price taker that faces the market supply curve.
  b. price taker that faces the market demand curve.
  c. price maker that faces the market supply curve.
  d. price maker that faces the market demand curve.

Question 2

Though the countries can benefit by completely specializing in the production of the good in which they have comparative advantage, in real world however, they do not completely specialize.
 a. True
  b. False
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

tennis14576

  • Sr. Member
  • ****
  • Posts: 334
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

True


jc611

  • Member
  • Posts: 552
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

Bigfoot1984

  • Member
  • Posts: 321
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Did you know?

The shortest mature adult human of whom there is independent evidence was Gul Mohammed in India. In 1990, he was measured in New Delhi and stood 22.5 inches tall.

Did you know?

Approximately 70% of expectant mothers report experiencing some symptoms of morning sickness during the first trimester of pregnancy.

Did you know?

Patients should never assume they are being given the appropriate drugs. They should make sure they know which drugs are being prescribed, and always double-check that the drugs received match the prescription.

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

Rebound Tenderness, Apply Firm Pressure to the Abdomen Rebound Tenderness, Apply Firm Pressure to the Abdomen
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
Oil supply and prices affect the economies of nations Oil supply and prices affect the economies of nations
Real Price of Oil, 1861–2010 Real Price of Oil, 1861–2010
Blood Supply of the Liver Blood Supply of the Liver
The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ... The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ...
Video: What are Strong & Weak Acids and How they're different?

For a complete list of videos, visit our video library