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

Author Question: Firms in monopolistic competition have rivals that A) match their price increases. B) match ... (Read 115 times)

swpotter12

  • Hero Member
  • *****
  • Posts: 527
on: Jun 29, 2018
Firms in monopolistic competition have rivals that
 
  A) match their price increases.
  B) match their price decreases.
  C) agree on a common price.
  D) set their prices according to the demand curves they face.

Question 2

Once a cartel determines the profit-maximizing price
 
  A) each firm faces the temptation to cheat by raising its price.
  B) each firm faces the temptation to cheat by lowering its price.
  C) changes in the output of any member firm will not affect the market price.
  D) entry into the industry by rival firms will not affect the profit of the cartel.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Expo

  • Sr. Member
  • ****
  • Posts: 351
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

B


swpotter12

  • Member
  • Posts: 527
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

ebonylittles

  • Member
  • Posts: 318
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Automated pill dispensing systems have alarms to alert patients when the correct dosing time has arrived. Most systems work with many varieties of medications, so patients who are taking a variety of drugs can still be in control of their dose regimen.

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

Did you know?

Nitroglycerin is used to alleviate various heart-related conditions, and it is also the chief component of dynamite (but mixed in a solid clay base to stabilize it).

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

Effect of Perceived Price of a Drug on Placebo Analgesia Effect of Perceived Price of a Drug on Placebo Analgesia
How People Match Their Goals to Their Means How People Match Their Goals to Their Means
Dose-response relationship. As the dose of a drug increases, a maximal response or plateau is ... Dose-response relationship. As the dose of a drug increases, a maximal response or plateau is ...
How to create a price index to calculate inflation for a basket of goods How to create a price index to calculate inflation for a basket of goods
What's Your BMI? As your BMI increases, you are more likely to be overweight or obese What's Your BMI? As your BMI increases, you are more likely to be overweight or obese
The number of phenotypic classes in the F2 generation increases as the number of genes controlling t The number of phenotypic classes in the F2 generation increases as the number of genes controlling t
Video: Plant Defense Mechanisms from Pathogens

For a complete list of videos, visit our video library