« previous next »

Author Question: In the table above, the firm producing the product is A) a monopoly. B) an oligopoly. C) a ... (Read 75 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?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Body mass index table. Body mass index table.
Fluidization - Calibration Table Pump #1 Fluidization - Calibration Table Pump #1
Effleurage hand over hand along spinal muscles. Stand at the side directly facing the table and ... Effleurage hand over hand along spinal muscles. Stand at the side directly facing the table and ...
Product safety Product safety
Importance of Considering Gestalt Principles in Product Design (2 of 2) Importance of Considering Gestalt Principles in Product Design (2 of 2)
This table shows the growth of a crowd at a rally over a 3 h period. This table shows the growth of a crowd at a rally over a 3 h period.
Video: Chronology of leptin research (A history of leptin research)

For a complete list of videos, visit our video library