Author Question: In monopolistic competition, firms compete on product quality, price and marketing. Indicate ... (Read 135 times)

lindiwe

  • Hero Member
  • *****
  • Posts: 577
In monopolistic competition, firms compete on product quality, price and marketing.
 
  Indicate whether the statement is true or false

Question 2

A common source of diseconomies of scale is the
 
  A) diminishing marginal returns to capital.
  B) diminishing marginal returns to labor.
  C) diminishing marginal returns to land.
  D) growing complexity of management and organizational structure.



CourtneyCNorton

  • Sr. Member
  • ****
  • Posts: 317
Answer to Question 1

TRUE

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Drugs are in development that may cure asthma and hay fever once and for all. They target leukotrienes, which are known to cause tightening of the air passages in the lungs and increase mucus productions in nasal passages.

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

There are more nerve cells in one human brain than there are stars in the Milky Way.

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

Did you know?

The strongest synthetic topical retinoid drug available, tazarotene, is used to treat sun-damaged skin, acne, and psoriasis.

For a complete list of videos, visit our video library