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 95 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
Gracias!

ashely1112

  • Member
  • Posts: 347
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

Did you know?

Nearly 31 million adults in America have a total cholesterol level that is more than 240 mg per dL.

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

A 19-foot-long blue whale skull in the collections of the Smithsonian Museum of Natural History A 19-foot-long blue whale skull in the collections of the Smithsonian Museum of Natural History
Alexander Fleming photographed in his lab where he observed the natural competition between a fungus Alexander Fleming photographed in his lab where he observed the natural competition between a fungus
Brush off front to finish. Long brushing strokes from head to feet to finish. Brush off front to finish. Long brushing strokes from head to feet to finish.
Long-term relationships, especially those who are married, having a child Long-term relationships, especially those who are married, having a child
A 23 kg mass is connected to a nail on a frictionless table by a massless string 1.3 m long. ... A 23 kg mass is connected to a nail on a frictionless table by a massless string 1.3 m long. ...
A cowbird with its foster parent. A female cowbird minimizes her cost of parental care by laying her A cowbird with its foster parent. A female cowbird minimizes her cost of parental care by laying her
Video: Epidural Hematoma

For a complete list of videos, visit our video library