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

Author Question: Suppose that firms in a monopolistically competitive industry are earning short-run economic ... (Read 206 times)

lunatika

  • Hero Member
  • *****
  • Posts: 548
on: Jun 30, 2018
Suppose that firms in a monopolistically competitive industry are earning short-run economic profits. In the long run, the demand curve facing each individual firm can be expected to
 a. shift to the left and become flatter
  b. shift to the left and become steeper
  c. shift to the right and become flatter
  d. shift to the right and become steeper
  e. remain constant

Question 2

Legislation that benefits many individuals at the expense of a few is a natural outcome of representative democracy.
 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

zogaridan

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

B


lunatika

  • Hero Member
  • *****
  • Posts: 548
Reply #2 on: Jun 30, 2018
Correct answers!


zogaridan

  • Sr. Member
  • ****
  • Posts: 328
Reply #3 on: Jun 30, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

Did you know?

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

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Non-competitive inhibition Non-competitive inhibition
Hormones acting through the brain help regulate metabolism and short- and long-term appetite. Hormones acting through the brain help regulate metabolism and short- and long-term appetite.
economic question economic question
economic question economic question
economic question economic question
economic question economic question
Video: Fractures Animation

For a complete list of videos, visit our video library