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

Author Question: For a firm in monopolistic competition, innovation and product development are (Read 56 times)

Redwolflake15

  • Hero Member
  • *****
  • Posts: 569
on: May 24, 2019
For a firm in monopolistic competition, innovation and product development are
◦ senseless because economic profit is always zero in the long run.
◦ necessary in order to have a chance of making at least a short-run economic profit.
◦ inconsequential because each firm produces a different product.
◦ necessary to allow new firms to enter.
◦ uncommon because other firms already produce similar products.
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 Redwolflake15 on May 24, 2019

tkempin

  • Sr. Member
  • ****
  • Posts: 332
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 49% of students answer this correctly


Redwolflake15

  • Hero Member
  • *****
  • Posts: 569
Reply #2 on: May 24, 2019
TY


tkempin

  • Sr. Member
  • ****
  • Posts: 332
Reply #3 on: May 24, 2019
You're welcome


« previous next »
 

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Did you know?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

Differences in embryonic development between protostomes and deuterostomes. Differences in embryonic development between protostomes and deuterostomes.
Brain Development Brain Development
Selected biological, psychological, and sociological factors in the development of personality ... Selected biological, psychological, and sociological factors in the development of personality ...
28 Fetus Development 28 Fetus Development
Lifespan Development, 7th Edition Lifespan Development, 7th Edition
Slopes and Soil Development Slopes and Soil Development
Video: Retina

For a complete list of videos, visit our video library