This topic contains a solution. Click here to go to the answer

Author Question: Although both perfectly competitive and monopolistically competitive firms earn normal profits in ... (Read 158 times)

CBme

  • Hero Member
  • *****
  • Posts: 548
Although both perfectly competitive and monopolistically competitive firms earn normal profits in the long run, monopolistically competitive firms will not
 a. operate where price equals marginal cost
  b. charge a higher price than firms in perfect competition
  c. produce a smaller quantity than firms in perfect competition
  d. produce where price equals average total cost
  e. exit when demand falls below long-run average costs

Question 2

With special-interest legislation,
 a. benefits are concentrated but costs are widespread
  b. both benefits and costs are concentrated
  c. benefits are widespread but costs are concentrated
  d. both benefits and costs are widespread
  e. there is no predictable relationship between costs and benefits



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Sassygurl126

  • Sr. Member
  • ****
  • Posts: 320
Answer to Question 1

A

Answer to Question 2

A




CBme

  • Member
  • Posts: 548
Reply 2 on: Jun 30, 2018
Wow, this really help


emsimon14

  • Member
  • Posts: 344
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

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.

Did you know?

Every flu season is different, and even healthy people can get extremely sick from the flu, as well as spread it to others. The flu season can begin as early as October and last as late as May. Every person over six months of age should get an annual flu vaccine. The vaccine cannot cause you to get influenza, but in some seasons, may not be completely able to prevent you from acquiring influenza due to changes in causative viruses. The viruses in the flu shot are killed—there is no way they can give you the flu. Minor side effects include soreness, redness, or swelling where the shot was given. It is possible to develop a slight fever, and body aches, but these are simply signs that the body is responding to the vaccine and making itself ready to fight off the influenza virus should you come in contact with it.

For a complete list of videos, visit our video library