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Author Question: During which of the following periods was growth in GDP per capita the strongest? A) prior to 500 ... (Read 49 times)

debasdf

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During which of the following periods was growth in GDP per capita the strongest?
 
  A) prior to 500 A.D. B) 500 A.D. to 1800 A.D.
  C) 1800-1900 A.D. D) 1900-2000 A.D.

Question 2

In what way does long-run equilibrium under monopolistic competition differ from long-run equilibrium under perfect competition?
 
  A) Firms in perfect competition achieve allocative efficiency while firms in monopolistic competition achieve brand efficiency.
  B) Firms in perfect competition achieve productive and allocative efficiency while firms in monopolistic competition achieve neither allocative nor productive efficiency.
  C) The only difference is that in a monopolistically competitive market there are many brands to choose from while in a perfectly competitive market there is one standard product.
  D) Firms in perfect competition achieve productive efficiency while firms in monopolistic competition achieve allocative efficiency.


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wfdfwc23

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debasdf

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it


anyusername12131

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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