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Author Question: In the long run in monopolistic competition, the demand curve facing the typical firm a. is ... (Read 48 times)

sammy

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on: Jun 30, 2018
In the long run in monopolistic competition, the demand curve facing the typical firm
 a. is perfectly elastic
  b. slopes upward
  c. is tangent to the firm's average total cost curve
  d. lies above the firm's average total cost curve
  e. is the same as the portion of the firm's marginal cost curve above average variable cost

Question 2

One result of voters' rational ignorance is that
 a. cyclical majorities are more common
  b. vote trading is common
  c. majority rules
  d. special interests often dominate legislation
  e. members of Congress go along with whatever their constituents want


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guyanai

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Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

D


sammy

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Reply #2 on: Jun 30, 2018
Thank you


guyanai

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Reply #3 on: Jun 30, 2018
No problemo


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