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Author Question: Compared to a monopolistically competitive firm having the same cost curves, a perfectly competitive ... (Read 53 times)

jerry coleman

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on: Apr 19, 2019

Question 1

Monopolies can earn positive economic profits in the long run while monopolistically competitive firms cannot due to


◦ economies of scale in monopolies but not in monopolistic competition.
◦ barriers to entry in monopoly but not in monopolistic competition.
◦ market power of monopolies while monopolistically competitive firms have no market power.
◦ the less elastic demand faced by monopolies as compared to monopolistically competitive firms.

Question 2

Compared to a monopolistically competitive firm having the same cost curves, a perfectly competitive firm produces ________ output and charges a ________ price.


◦ less; higher
◦ more; lower
◦ less; lower
◦ more; higher
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by jerry coleman on Apr 19, 2019

robbielu01

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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jerry coleman

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Reply 2 on: Apr 19, 2019
Great answer, keep it coming :)

okolip

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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