This topic contains a solution. Click here to go to the answer

Author Question: The number of firms in a monopolistically competitive industry means that A) firms will collude. ... (Read 116 times)

hubes95

  • Hero Member
  • *****
  • Posts: 561
The number of firms in a monopolistically competitive industry means that
 
  A) firms will collude.
  B) existing firms in the industry will make sure new firms do not enter.
  C) firms will not cooperate to set a pure monopoly price.
  D) firms will try to set a common price.

Question 2

The joining of a firm with another to which it sells an output or from which it buys an input is known as
 
  A) a conglomerate merger.
  B) a horizontal merger.
  C) a vertical merger.
  D) economies to scale.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

komodo7

  • Sr. Member
  • ****
  • Posts: 322
Answer to Question 1

C

Answer to Question 2

C




hubes95

  • Member
  • Posts: 561
Reply 2 on: Jun 29, 2018
Excellent


skipfourms123

  • Member
  • Posts: 343
Reply 3 on: Yesterday
Wow, this really help

 

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

Did you know?

Astigmatism is the most common vision problem. It may accompany nearsightedness or farsightedness. It is usually caused by an irregularly shaped cornea, but sometimes it is the result of an irregularly shaped lens. Either type can be corrected by eyeglasses, contact lenses, or refractive surgery.

For a complete list of videos, visit our video library