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

Author Question: In the long run, economic profit for a monopolistically competitive firm a. is zero, due to the ... (Read 63 times)

mia

  • Hero Member
  • *****
  • Posts: 564
on: Jun 30, 2018
In the long run, economic profit for a monopolistically competitive firm
 a. is zero, due to the lack of barriers to entry
  b. is zero, due to product differentiation
  c. may be positive, due to strong barriers to entry
  d. may be positive, due to product differentiation
  e. may be positive, due to advertising and product promotion

Question 2

Rational ignorance occurs when
 a. voters find the cost of understanding a specific issue is greater than the expected benefit
  b. legislation generates large benefits for a few people but imposes costs on many people
  c. the preferences of the median voter dominates public choices
  d. individuals or firms attempt to obtain favorable treatment from government officials
  e. people make public decisions based on emotion rather than a rational analysis


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

johnharpe

  • Sr. Member
  • ****
  • Posts: 338
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

A


mia

  • Member
  • Posts: 564
Reply 2 on: Jun 30, 2018
Wow, this really help

jackie

  • Member
  • Posts: 324
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

According to the Migraine Research Foundation, migraines are the third most prevalent illness in the world. Women are most affected (18%), followed by children of both sexes (10%), and men (6%).

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Solution (Polynomial Long Division) Solution (Polynomial Long Division)
Long-wave energy flux is emitted from Earth Long-wave energy flux is emitted from Earth
A wave whose wavelength is 0.500 m is traveling down a 500-m long wire whose total mass is 25 ... A wave whose wavelength is 0.500 m is traveling down a 500-m long wire whose total mass is 25 ...
A very thin uniform rod, 2.40 m long and of weight 135 N, has a frictionless hinge at its lower ... A very thin uniform rod, 2.40 m long and of weight 135 N, has a frictionless hinge at its lower ...
Long bone formation Long bone formation
Video: Structures that affect circulation - heart and systolic/diastolic BP

For a complete list of videos, visit our video library