« previous next »

Author Question: Perfect competition and monopolistic competition are similar in that both market structures include ... (Read 193 times)

aabwk4

  • Hero Member
  • *****
  • Posts: 593
on: Jul 1, 2018
Perfect competition and monopolistic competition are similar in that both market structures include
 
  A) price-taking behavior by firms.
  B) a homogeneous product.
  C) no barriers to entry.
  D) very few firms.

Question 2

Assume a firm lowers price below marginal cost to deter entry.
 
  A) This strategy is not credible.
  B) This strategy is credible.
  C) This strategy is illegal.
  D) This strategy is immoral.
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


Jayson

  • Sr. Member
  • ****
  • Posts: 350
Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

About 600,000 particles of skin are shed every hour by each human. If you live to age 70 years, you have shed 105 pounds of dead skin.

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Did you know?

The top 10 most important tips that will help you grow old gracefully include (1) quit smoking, (2) keep your weight down, (3) take supplements, (4) skip a meal each day or fast 1 day per week, (5) get a pet, (6) get medical help for chronic pain, (7) walk regularly, (8) reduce arguments, (9) put live plants in your living space, and (10) do some weight training.

Structures involved in the sense of taste. Structures involved in the sense of taste.
Dissimilar organisms with similar approaches to desert living. Dissimilar organisms with similar approaches to desert living.
Organisms exhibit a diversity of behaviours, which include (clockwise from upper left), foraging and Organisms exhibit a diversity of behaviours, which include (clockwise from upper left), foraging and
Walter Thompson saw his assets evaporate during the stock market collapse in 1929. Desperate for ... Walter Thompson saw his assets evaporate during the stock market collapse in 1929. Desperate for ...
Structures of a typical cell. Structures of a typical cell.
Structures of the lymphatic pathway from smallest to largest. Structures of the lymphatic pathway from smallest to largest.
Video: Angiotensin II - kidneys, adrenal glands and dehydration

For a complete list of videos, visit our video library