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

Author Question: In the long run, monopolistically competitive firms have: a. excess capacity. b. positive profits. ... (Read 37 times)

APUS57

  • Hero Member
  • *****
  • Posts: 571
on: Jun 30, 2018
In the long run, monopolistically competitive firms have:
 a. excess capacity.
  b. positive profits.
  c. minimal average costs.
  d. homogeneous production.

Question 2

Given the prices of two goods, all quantity combinations inside the budget line are:
 a. indifferent.
  b. efficient.
  c. unattainable.
  d. attainable.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

frankwu0507

  • Sr. Member
  • ****
  • Posts: 322
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

d


APUS57

  • Member
  • Posts: 571
Reply 2 on: Jun 30, 2018
Excellent

T4T

  • Member
  • Posts: 348
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

I'm Positive! I'm Positive!
How long does it take you to see the circles? How long does it take you to see the circles?
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
Nonverbal communications convey strong, powerful messages that may be negative or positive. Nonverbal communications convey strong, powerful messages that may be negative or positive.
Relations Between Iconic Memory, Short-Term Memory, and Long-Term Memory Relations Between Iconic Memory, Short-Term Memory, and Long-Term Memory
Major Categories of Long-Term Memory Major Categories of Long-Term Memory
Video: Simple and Double Sugar

For a complete list of videos, visit our video library