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

Author Question: What is the profit-maximizing rule for a monopolistically competitive firm? A) to produce a ... (Read 98 times)

jon_i

  • Hero Member
  • *****
  • Posts: 549
on: Jun 29, 2018
What is the profit-maximizing rule for a monopolistically competitive firm?
 
  A) to produce a quantity that maximizes market share
  B) to produce a quantity that maximizes total revenue
  C) to produce a quantity such that price equals marginal cost
  D) to produce a quantity such that marginal revenue equals marginal cost

Question 2

If an industry is made up of five identical firms, the four-firm concentration ratio is
 
  A) 5. B) 20. C) 80. D) 100.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Jadwiga9

  • Sr. Member
  • ****
  • Posts: 316
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


jon_i

  • Member
  • Posts: 549
Reply 2 on: Jun 29, 2018
:D TYSM

adf223

  • Member
  • Posts: 304
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Carbamazepine can interfere with the results of home pregnancy tests. If you are taking carbamazepine, do not try to test for pregnancy at home.

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Furchgott's discovery that endothelial cells produce a vasodilating substance. Furchgott's discovery that endothelial cells produce a vasodilating substance.
The two TP sensors used on the throttle body of an electronic throttle body assembly produce ... The two TP sensors used on the throttle body of an electronic throttle body assembly produce ...
Competitive enzyme immunoassay. (a) Shows the uninhibited reaction and (b) shows the inhibited ... Competitive enzyme immunoassay. (a) Shows the uninhibited reaction and (b) shows the inhibited ...
Tricyclic antidepressants produce their effects by inhibiting the reuptake of neurotransmitters ... Tricyclic antidepressants produce their effects by inhibiting the reuptake of neurotransmitters ...
Basic two-handed kneading. Tissues are lifted with the whole hand in firm contact. Basic two-handed kneading. Tissues are lifted with the whole hand in firm contact.
To find the derivative use product rule To find the derivative use product rule
Video: Gastrulation: cross section of the frog

For a complete list of videos, visit our video library