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

Author Question: Monopolistic competition is similar to a. perfect competition, in that firms face downward-sloping ... (Read 118 times)

Redwolflake15

  • Hero Member
  • *****
  • Posts: 569
on: Jun 30, 2018
Monopolistic competition is similar to
 a. perfect competition, in that firms face downward-sloping demand curves and earn zero long-run economic profit
  b. pure monopoly, in that firms face downward-sloping demand curves and can earn economic profits both in the short run and in the long run
  c. perfect competition, in that firms face perfectly elastic demand curves and earn zero long-run economic profit
  d. pure monopoly, in that firms can earn economic profits both in the short run and in the long run, and similar to perfect competition, in that firms face perfectly elastic demand curves
  e. pure monopoly, in that firms face downward-sloping demand curves, and similar to perfect competition, in that long-run economic profit is zero

Question 2

Taxpayers and consumers end up paying for agricultural price supports.
 a. True
  b. False


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mohan

  • Sr. Member
  • ****
  • Posts: 362
Reply #1 on: Jun 30, 2018
Answer to Question 1

E

Answer to Question 2

A


Redwolflake15

  • Member
  • Posts: 569
Reply 2 on: Jun 30, 2018
Wow, this really help

amandanbreshears

  • Member
  • Posts: 320
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Did you know?

Street names for barbiturates include reds, red devils, yellow jackets, blue heavens, Christmas trees, and rainbows. They are commonly referred to as downers.

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Did you know?

More than 150,000 Americans killed by cardiovascular disease are younger than the age of 65 years.

Amborella trichopoda flower, similar to a hypothesized early flower Amborella trichopoda flower, similar to a hypothesized early flower
Competition in a forest can be as intense as competition on a coral reef. However, much of the compe Competition in a forest can be as intense as competition on a coral reef. However, much of the compe
Spiral Galaxies (Nearly Face-on Views) Spiral Galaxies (Nearly Face-on Views)
Sexual swellings are one way for females to advertise their mating availability, thereby inducing ma Sexual swellings are one way for females to advertise their mating availability, thereby inducing ma
Women who are monozygotic twins and have the same genes are more similar in their marital happiness Women who are monozygotic twins and have the same genes are more similar in their marital happiness
Apply forearm to the deep fascia of the back. Stand to one side of the face cradle; use the proximal ... Apply forearm to the deep fascia of the back. Stand to one side of the face cradle; use the proximal ...
Video: Requirements for nervous signals

For a complete list of videos, visit our video library