« previous next »

Author Question: In the table above, the firm producing the product is A) a monopoly. B) an oligopoly. C) a ... (Read 101 times)

CORALGRILL2014

  • Hero Member
  • *****
  • Posts: 525
on: Jun 29, 2018
In the table above, the firm producing the product is
 
  A) a monopoly.
  B) an oligopoly.
  C) a duopoly.
  D) perfectly competitive.

Question 2

How is a monopolistically competitive firm similar to a perfectly competitive firm?
 
  A) Both will observe entry into the industry if economic profit is positive.
  B) Both produce where average total cost equals marginal cost.
  C) Both make a positive economic profit in the long run.
  D) Both produce a homogeneous good.


canderson530

  • Sr. Member
  • ****
  • Posts: 317
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

Did you know?

The most common treatment options for addiction include psychotherapy, support groups, and individual counseling.

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Did you know?

Limit intake of red meat and dairy products made with whole milk. Choose skim milk, low-fat or fat-free dairy products. Limit fried food. Use healthy oils when cooking.

Did you know?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

Height and weight table Height and weight table
Carrie Mae Weems, Untitled (Man Smoking/Malcolm X), from The Kitchen Table Series. Carrie Mae Weems, Untitled (Man Smoking/Malcolm X), from The Kitchen Table Series.
How to use the product rule to find the derivative of a function How to use the product rule to find the derivative of a function
The Farm-to-Table Continuum The Farm-to-Table Continuum
table table
The Chi-Square Table The Chi-Square Table
Video: Regulation of GFR: autoregulation via tubuloglomerular feedback, neural & hormonal regulation

For a complete list of videos, visit our video library