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 70 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?

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 first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

Did you know?

About 600,000 particles of skin are shed every hour by each human. If you live to age 70 years, you have shed 105 pounds of dead skin.

Did you know?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Moth face Moth face
Muscles of the head, neck, and face. Muscles of the head, neck, and face.
A downward-sloping spark line usually indicates high secondary ignition system resistance or an ... A downward-sloping spark line usually indicates high secondary ignition system resistance or an ...
Greet a First-Time Client With a Firm Handshake. Greet a First-Time Client With a Firm Handshake.
Basic two-handed kneading. Tissues are lifted with the whole hand in firm contact. Basic two-handed kneading. Tissues are lifted with the whole hand in firm contact.
Gently squeeze/milk the arm with twisting motion. With oil or lotion on hands, use gentle but firm ... Gently squeeze/milk the arm with twisting motion. With oil or lotion on hands, use gentle but firm ...
Video: Mechanisms for chromosome movement Animation

For a complete list of videos, visit our video library