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

Author Question: In monopolistic competition, there is inefficiency because price is greater than marginal cost. What ... (Read 58 times)

sam.t96

  • Hero Member
  • *****
  • Posts: 570
on: May 24, 2019
In monopolistic competition, there is inefficiency because price is greater than marginal cost. What brings about this inefficiency?
◦ high concentration, as indicated by the large concentration ratio
◦ product differentiation
◦ freedom of entry and exit
◦ marginal cost rises as more output is produced
◦ the fact there are many firms in the market
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 sam.t96 on May 24, 2019

bimper21

  • Sr. Member
  • ****
  • Posts: 309
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 56% of students answer this correctly


sam.t96

  • Member
  • Posts: 570
Reply 2 on: May 24, 2019
Gracias!

Hdosisshsbshs

  • Member
  • Posts: 315
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

Did you know?

Thyroid conditions cause a higher risk of fibromyalgia and chronic fatigue syndrome.

Did you know?

There are more nerve cells in one human brain than there are stars in the Milky Way.

Did you know?

The shortest mature adult human of whom there is independent evidence was Gul Mohammed in India. In 1990, he was measured in New Delhi and stood 22.5 inches tall.

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

The frequency of competition according to the number of species involved. The frequency of competition according to the number of species involved.
A horse and rider in dressage competition at the Olympics A horse and rider in dressage competition at the Olympics
Richard Wrangham’s “female-bonded” theory of intergroup competition was highly influential in our un Richard Wrangham’s “female-bonded” theory of intergroup competition was highly influential in our un
A greater number of men than women hold full-time jobs, but the gap is closing because of an ... A greater number of men than women hold full-time jobs, but the gap is closing because of an ...
The price of rice in a small country is currently $6 per pound. In order to help low-income ... The price of rice in a small country is currently $6 per pound. In order to help low-income ...
Interference Competition Interference Competition
Video: Endocytosis -Types and Phagocytosis

For a complete list of videos, visit our video library