If firms monopolistically competitive firms are making an economic profit, as new firms enter the market, each of the existing firms' demand curve shifts ________, the marginal curve shifts ________, and the profit-maximizing quantity ________.
A) leftward; leftward; decreases
B) rightward; leftward; increases
C) leftward; rightward; decreases
D) leftward; leftward; increases
Question 2
When the production of a good creates an external cost, in order for taxes to be effective in achieving the efficient allocation of resources, the tax must be set equal to the
A) marginal private cost.
B) marginal external cost.
C) marginal social cost.
D) marginal benefit of polluting.
Example of a choice board used in studies of decision making. This one includes four factors for ...
Economic and Social Development
Effects of competitive inhibition on enzyme kinetics
Lineweaver–Burk plots of the reactions with and without a competitive inhibitor
economic
A variety of organic compounds from food can enter the reactions of aerobic respiration.