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Author Question: A firm in monopolistic competition can determine what price to charge for its product because of ... (Read 136 times)

newbem

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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.


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Hikerman221

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

C


newbem

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

aliotak

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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