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

Author Question: The major difference between monopolistic competition and monopoly is (Read 91 times)

chads108

  • Hero Member
  • *****
  • Posts: 507
on: May 24, 2019
The major difference between monopolistic competition and monopoly is
◦ monopoly is a price setter, and a firm in monopolistic competition is a price taker.
◦ only a monopoly can make an economic profit in the long run.
◦ only a firm in monopolistic competition can make an economic profit in the short run.
◦ how the quantity of output is determined.
◦ only firms in monopolistic competition are protected by barriers to entry.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by chads108 on May 24, 2019

GCabra

  • Sr. Member
  • ****
  • Posts: 331
Reply #1 on: May 24, 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.
Answer Preview
Only 29% of students answer this correctly


chads108

  • Hero Member
  • *****
  • Posts: 507
Reply #2 on: May 24, 2019
Thank you!


GCabra

  • Sr. Member
  • ****
  • Posts: 331
Reply #3 on: May 24, 2019
Always glad to help...


« previous next »
 

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

Did you know?

Always store hazardous household chemicals in their original containers out of reach of children. These include bleach, paint, strippers and products containing turpentine, garden chemicals, oven cleaners, fondue fuels, nail polish, and nail polish remover.

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Major Veins and Arteries of the Neck Major Veins and Arteries of the Neck
Major structures of the brain. Major structures of the brain.
Pectoralis major Pectoralis major
Major Impacts on Mercury and on Our Moon Major Impacts on Mercury and on Our Moon
Major Somatic Sensory Tracts and Pathways Major Somatic Sensory Tracts and Pathways
Major Types of Introns Major Types of Introns
Video: Calvin Cycle Explained!

For a complete list of videos, visit our video library