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

Author Question: In the long run, in monopolistic competition A) a firm's price equals its marginal cost. B) ... (Read 25 times)

Charlie

  • Hero Member
  • *****
  • Posts: 640
on: Jun 29, 2018
In the long run, in monopolistic competition
 
  A) a firm's price equals its marginal cost.
  B) firms make an economic profit.
  C) firms make zero economic profit.
  D) Both answers A and C are correct.

Question 2

The Sherman Act of 1890 was passed to prohibit
 
  A) combinations, trusts, or conspiracies to restrict interstate or international trade.
  B) monopolization or attempts to monopolize interstate or international trade.
  C) both of the above.
  D) neither of the above.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

nital

  • Sr. Member
  • ****
  • Posts: 320
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

C


Charlie

  • Member
  • Posts: 640
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

bigcheese9

  • Member
  • Posts: 333
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

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?

Though “Krazy Glue” or “Super Glue” has the ability to seal small wounds, it is not recommended for this purpose since it contains many substances that should not enter the body through the skin, and may be harmful.

Did you know?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

A young Lipizzan at the Spanish Riding School in training equipment, wearing saddle, bridle and long A young Lipizzan at the Spanish Riding School in training equipment, wearing saddle, bridle and long
Sexual swellings are one way for females to advertise their mating availability, thereby inducing ma Sexual swellings are one way for females to advertise their mating availability, thereby inducing ma
Homeschooling has come a long way. These children are performing in a musical at the annual ... Homeschooling has come a long way. These children are performing in a musical at the annual ...
Typical Startup Cost Categories Typical Startup Cost Categories
Biking competition in the park Biking competition in the park
Types of Long-Term Memories Types of Long-Term Memories
Video: Structures that affect circulation - venous return

For a complete list of videos, visit our video library