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

Author Question: A monopolistically competitive firm and a monopoly are alike because both I. face downward sloping ... (Read 71 times)

madam-professor

  • Hero Member
  • *****
  • Posts: 584
on: Jun 29, 2018
A monopolistically competitive firm and a monopoly are alike because both I. face downward sloping demand curves. II. have marginal revenue curves that lie beneath their demand curves. III. can make an economic profit in the long run.
 
  A) I only.
  B) I and II.
  C) I, II, and III.
  D) I and III.

Question 2

If I increase my consumption of a good and this has no impact the quantity you can consume of the same good, then this good is
 
  A) nonrival.
  B) nonexclusive.
  C) both nonrival and nonexclusive.
  D) a free good.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

lauravaras

  • Sr. Member
  • ****
  • Posts: 347
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

A


madam-professor

  • Hero Member
  • *****
  • Posts: 584
Reply #2 on: Jun 29, 2018
Thank you


lauravaras

  • Sr. Member
  • ****
  • Posts: 347
Reply #3 on: Jun 29, 2018
No problemo


« previous next »
 

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

Did you know?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

Did you know?

There are more sensory neurons in the tongue than in any other part of the body.

Did you know?

Complications of influenza include: bacterial pneumonia, ear and sinus infections, dehydration, and worsening of chronic conditions such as asthma, congestive heart failure, or diabetes.

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

Martian geological features, such as the "Face on Mars", sometimes trigger facial pareidol Martian geological features, such as the "Face on Mars", sometimes trigger facial pareidol
Rebound Tenderness, Apply Firm Pressure to the Abdomen Rebound Tenderness, Apply Firm Pressure to the Abdomen
A complete cranium of Au. Afarensis from Hadar, Ethiopia, shows a prognathic face and a small brainc A complete cranium of Au. Afarensis from Hadar, Ethiopia, shows a prognathic face and a small brainc
A beam-type torque wrench that displays the torque reading on the face of the dial. The beam display ... A beam-type torque wrench that displays the torque reading on the face of the dial. The beam display ...
Endangerment sites of the head and face. Use only light to moderate pressure on head and face. Endangerment sites of the head and face. Use only light to moderate pressure on head and face.
Video: Double Stranded DNA Molecule Animation

For a complete list of videos, visit our video library