This topic contains a solution. Click here to go to the answer

Author Question: In a monopolistically competitive industry A) firms can make an economic profit in the long run ... (Read 83 times)

azncindy619

  • Hero Member
  • *****
  • Posts: 562
In a monopolistically competitive industry
 
  A) firms can make an economic profit in the long run because of barriers to entry.
  B) the firms can never make an economic profit.
  C) if firms are making an economic profit, new firms enter the industry.
  D) firms can make an economic profit in the long run because of product differentiation.

Question 2

When the government prohibits certain kinds of market behavior such as monopoly and monopolistic practices it generally does so through
 
  A) regulatory agencies such as the Interstate Commerce Commission or the Federal Communications Commission.
  B) antitrust law.
  C) the police powers of the states.
  D) use of the capture theory of regulation.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

amit

  • Sr. Member
  • ****
  • Posts: 364
Answer to Question 1

C

Answer to Question 2

B




azncindy619

  • Member
  • Posts: 562
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review


bimper21

  • Member
  • Posts: 309
Reply 3 on: Yesterday
:D TYSM

 

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?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Did you know?

The horizontal fraction bar was introduced by the Arabs.

Did you know?

Asthma cases in Americans are about 75% higher today than they were in 1980.

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

For a complete list of videos, visit our video library