« previous next »

Author Question: In general, the demand for the product of a monopolistic competitor is A) unitary elastic. B) ... (Read 110 times)

Haya94

  • Hero Member
  • *****
  • Posts: 558
on: Jun 29, 2018
In general, the demand for the product of a monopolistic competitor is
 
  A) unitary elastic.
  B) relatively inelastic.
  C) relatively elastic.
  D) perfectly elastic.

Question 2

The Herfindahl-Hirschman index is a measure of
 
  A) the profit margin of an industry.
  B) market size.
  C) the degree of collusion among firms in a market.
  D) the degree of concentration among firms in a market.


mcni194

  • Sr. Member
  • ****
  • Posts: 311
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

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?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

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.

Amino acids in general acid-base catalysis Amino acids in general acid-base catalysis
A general model of the sensorimotor system. Notice its hierarchical structure, functional ... A general model of the sensorimotor system. Notice its hierarchical structure, functional ...
The General Process of Sensation The General Process of Sensation
General Features of Connective Tissue General Features of Connective Tissue
Use the product rule to find derivative Use the product rule to find derivative
Determine the nominal annual rate of interest of the following ordinary general annuity. Determine the nominal annual rate of interest of the following ordinary general annuity.
Video: Homeostasis (range of body conditions, normal limits, mild stresses & severe stresses)

For a complete list of videos, visit our video library