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

Author Question: A firm in monopolistic competition can determine what price to charge for its product because of ... (Read 105 times)

newbem

  • Hero Member
  • *****
  • Posts: 579
on: Jun 29, 2018
A firm in monopolistic competition can determine what price to charge for its product because of
 
  A) barriers to entry.
  B) economies of scale.
  C) product differentiation.
  D) the fact there are many buyers.

Question 2

The marginal product and average product curves
 
  A) never intersect.
  B) intersect at the maximum point of the marginal product curve.
  C) intersect at the maximum point of the average product curve.
  D) do not intersect at any predictable point.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Hikerman221

  • Sr. Member
  • ****
  • Posts: 346
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

C


newbem

  • Member
  • Posts: 579
Reply 2 on: Jun 29, 2018
Excellent

kilada

  • Member
  • Posts: 311
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

Did you know?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

Did you know?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

Competition can be (a) direct, or (b) indirect interaction among individuals of the same or differen Competition can be (a) direct, or (b) indirect interaction among individuals of the same or differen
Succession in the intertidal zone involves colonization and competition for limited space among spec Succession in the intertidal zone involves colonization and competition for limited space among spec
Ginkgo Biloba label. The label indicates the product is standardized to percentages of the two ... Ginkgo Biloba label. The label indicates the product is standardized to percentages of the two ...
Calculation of body mass index. To determine your BMI, find the value for your height on the left ... Calculation of body mass index. To determine your BMI, find the value for your height on the left ...
Management Information Systems: Managing the Digital Firm, 15th Edition Management Information Systems: Managing the Digital Firm, 15th Edition
An old set of christmas tree lights have 30 lights, 20.6~ each in a series alignment. Determine ... An old set of christmas tree lights have 30 lights, 20.6~ each in a series alignment. Determine ...
Video: Knee Animation

For a complete list of videos, visit our video library