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Author Question: What is the profit-maximizing rule for a monopolistically competitive firm? A) to produce a ... (Read 44 times)

jon_i

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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.


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Jadwiga9

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


jon_i

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Reply 2 on: Jun 29, 2018
Excellent

ebonylittles

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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