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

Author Question: In the long run, a firm in a monopolistically competitive industry has its price equal to its A) ... (Read 111 times)

beccaep

  • Hero Member
  • *****
  • Posts: 535
on: Jun 29, 2018
In the long run, a firm in a monopolistically competitive industry has its price equal to its
 
  A) average total cost.
  B) marginal cost.
  C) marginal revenue.
  D) elasticity of demand.

Question 2

In the figure above, the single-price, unregulated monopoly sets a price of
 
  A) 80 per unit.
  B) 60 per unit.
  C) 40 per unit.
  D) 0 per unit.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

tashiedavis420

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


beccaep

  • Hero Member
  • *****
  • Posts: 535
Reply #2 on: Jun 29, 2018
Correct answers!


tashiedavis420

  • Sr. Member
  • ****
  • Posts: 329
Reply #3 on: Jun 29, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

Patients should never assume they are being given the appropriate drugs. They should make sure they know which drugs are being prescribed, and always double-check that the drugs received match the prescription.

Cellular changes associated with short-term and long-term memory in the sea slug. Cellular changes associated with short-term and long-term memory in the sea slug.
Gross Anatomy of a Long Bone Gross Anatomy of a Long Bone
As some groups do ethnic work, they produce a mythical long-lost heritage, as in this photo of ... As some groups do ethnic work, they produce a mythical long-lost heritage, as in this photo of ...
Food policy can drive the food industry Food policy can drive the food industry
Price of Computers, 1982–2010 Price of Computers, 1982–2010
Flexible exchange rates are supposed to prevent long-term trade deficits. Flexible exchange rates are supposed to prevent long-term trade deficits.
Video: Simple Diffusion - gases and nonpolar compounds transport

For a complete list of videos, visit our video library