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

Author Question: Is collusion possible in monopolistic competition? Why or why not? What will be an ideal ... (Read 55 times)

appyboo

  • Hero Member
  • *****
  • Posts: 527
on: Jun 29, 2018
Is collusion possible in monopolistic competition? Why or why not?
 
  What will be an ideal response?

Question 2

Moral hazard typically occurs because
 
  A) people are dishonest.
  B) agreements sometimes create incentives that are costly to monitor.
  C) workers possess diminishing marginal productivity.
  D) workers possess adverse selection.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Meganchabluk

  • Sr. Member
  • ****
  • Posts: 301
Reply #1 on: Jun 29, 2018
Answer to Question 1

Collusion is not possible in monopolistic competition. It is not possible because there are many firms in monopolistic competition, reaching an agreement to restrict output and boost price is impossible.

Answer to Question 2

B


appyboo

  • Member
  • Posts: 527
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

Alyson.hiatt@yahoo.com

  • Member
  • Posts: 354
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

Did you know?

Intradermal injections are somewhat difficult to correctly administer because the skin layers are so thin that it is easy to accidentally punch through to the deeper subcutaneous layer.

The different types of competition in nature. The different types of competition in nature.
The frequency of competition according to the number of species involved. The frequency of competition according to the number of species involved.
(a) Male competition can be fierce. (b) This male baboon has bite wounds suffered in competition wit (a) Male competition can be fierce. (b) This male baboon has bite wounds suffered in competition wit
Richard Wrangham’s “female-bonded” theory of intergroup competition was highly influential in our un Richard Wrangham’s “female-bonded” theory of intergroup competition was highly influential in our un
J. P. Morgan, the financial genius, staved off ruinous competition among steel firms by combining mo J. P. Morgan, the financial genius, staved off ruinous competition among steel firms by combining mo
European swimming competition European swimming competition
Video: Cortisol (protein catabolism, gluconeogenesis, vasoconstriction & anti-inflammation)

For a complete list of videos, visit our video library