« previous next »

Author Question: In monopolistic competition, there are ________. A) many firms selling products for which no good ... (Read 76 times)

silviawilliams41

  • Hero Member
  • *****
  • Posts: 560
on: Jun 29, 2018
In monopolistic competition, there are ________.
 
  A) many firms selling products for which no good substitutes exist
  B) many firms selling similar but slightly different products
  C) many firms, each selling an identical product
  D) a small number of firms, each selling an identical product

Question 2

Suppose a tax is imposed on sellers. The more inelastic the demand for the taxed item, the
 
  A) greater the share of the tax paid by sellers.
  B) smaller the deadweight loss from the tax.
  C) larger the decrease in consumption because of the tax.
  D) All of the above answers are correct.


adammoses97

  • Sr. Member
  • ****
  • Posts: 337
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Welcome sign for Kenton, Tennessee, an example of competition for "White Squirrel Capital" Welcome sign for Kenton, Tennessee, an example of competition for "White Squirrel Capital"
Gestalt Law of Good Continuation Gestalt Law of Good Continuation
Good contact feels full, confident, and deliberate and establishes a warm connection between massage ... Good contact feels full, confident, and deliberate and establishes a warm connection between massage ...
Good ethical judgment comes from both learning and experience. Good ethical judgment comes from both learning and experience.
Where’s the Saturated Fat in Your Foods? Saturated fat is found in animal products, tropical oils Where’s the Saturated Fat in Your Foods? Saturated fat is found in animal products, tropical oils
GeneChip (Affymetrix, Inc.) after hybridization to p53 PCR products GeneChip (Affymetrix, Inc.) after hybridization to p53 PCR products
Video: Language Areas Animation

For a complete list of videos, visit our video library