« previous next »

Author Question: One important difference between monopoly and monopolistic competition is the A) slope of the ... (Read 64 times)

moongchi

  • Hero Member
  • *****
  • Posts: 516
on: Jun 29, 2018
One important difference between monopoly and monopolistic competition is the
 
  A) slope of the demand curve that the firms faces.
  B) point there are no barriers to entry in monopolistic competition.
  C) greater restriction of output in monopolistic competition.
  D) result that the marginal revenue and demand curves are the same for a monopoly.

Question 2

In the above figure, if the firm increases its output from Q2 to Q3, it will
 
  A) reduce its marginal revenue.
  B) increase its marginal revenue.
  C) decrease its profit.
  D) increase its profit.


vboyd24

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Did you know?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

Did you know?

Medications that are definitely not safe to take when breastfeeding include radioactive drugs, antimetabolites, some cancer (chemotherapy) agents, bromocriptine, ergotamine, methotrexate, and cyclosporine.

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Did you know?

For pediatric patients, intravenous fluids are the most commonly cited products involved in medication errors that are reported to the USP.

Calcium Carbonate, an Important Carbon Sink Calcium Carbonate, an Important Carbon Sink
The French sociologist Emile Durkheim (1858–1917) contributed many important concepts to ... The French sociologist Emile Durkheim (1858–1917) contributed many important concepts to ...
Difference between Functional and Cross-Functional team Difference between Functional and Cross-Functional team
Structures of other important isoprenoids Structures of other important isoprenoids
An electron is accelerated from rest through a potential difference of 3750 V. It enters a ... An electron is accelerated from rest through a potential difference of 3750 V. It enters a ...
Interference Competition Interference Competition
Video: Alternative Energy Sources

For a complete list of videos, visit our video library