« previous next »

Author Question: A monopolistically competitive firm faces a downward-sloping demand curve because A) of product ... (Read 166 times)

bobbie

  • Hero Member
  • *****
  • Posts: 592
on: Jun 29, 2018
A monopolistically competitive firm faces a downward-sloping demand curve because
 
  A) of product differentiation.
  B) its market decisions are affected by the decisions of its rivals.
  C) it is able to control price and quantity demanded.
  D) there are few substitutes for its product.

Question 2

Which of the following is not a characteristic of a perfectly competitive market structure?
 
  A) There are restrictions on exit of firms.
  B) There are no restrictions to entry by new firms.
  C) There are a very large number of firms that are small compared to the market.
  D) All firms sell identical products.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


ebonylittles

  • Sr. Member
  • ****
  • Posts: 318
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Cutaneous mucormycosis is a rare fungal infection that has been fatal in at least 29% of cases, and in as many as 83% of cases, depending on the patient's health prior to infection. It has occurred often after natural disasters such as tornados, and early treatment is essential.

Did you know?

Sildenafil (Viagra®) has two actions that may be of consequence in patients with heart disease. It can lower the blood pressure, and it can interact with nitrates. It should never be used in patients who are taking nitrates.

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

Did you know?

Anti-aging claims should not ever be believed. There is no supplement, medication, or any other substance that has been proven to slow or stop the aging process.

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

The adolescent growth spurt in humans is seen as a “bump” in the height curve and a “spike” in the h The adolescent growth spurt in humans is seen as a “bump” in the height curve and a “spike” in the h
Preference of Newborn Babies for Viewing Stimuli That Resemble Faces Preference of Newborn Babies for Viewing Stimuli That Resemble Faces
Frequency distribution curve: interpatient variability in drug response. Frequency distribution curve: interpatient variability in drug response.
A dose-response curve describes the relationship between the quantity of the chemical entering the ... A dose-response curve describes the relationship between the quantity of the chemical entering the ...
Firm handshake Firm handshake
Find the two integers that have a sum of 20 and a maximum product Find the two integers that have a sum of 20 and a maximum product
Video: Pasteur's Experiment

For a complete list of videos, visit our video library