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

Author Question: Which of the following is NOT true of firms in monopolistic competition? A) They are price ... (Read 122 times)

danielfitts88

  • Hero Member
  • *****
  • Posts: 535
on: Jun 29, 2018
Which of the following is NOT true of firms in monopolistic competition?
 
  A) They are price takers.
  B) They practice product differentiation.
  C) They have excess capacity in the long run.
  D) They earn a normal profit in the long run.

Question 2

Trade war occurs when, after a tariff is imposed, other countries retaliate with their own tariff.
 
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

CAPTAINAMERICA

  • Sr. Member
  • ****
  • Posts: 325
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

TRUE


danielfitts88

  • Member
  • Posts: 535
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

vickyvicksss

  • Member
  • Posts: 351
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

More than 34,000 trademarked medication names and more than 10,000 generic medication names are in use in the United States.

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

Thyroid conditions may make getting pregnant impossible.

Did you know?

The U.S. Preventive Services Task Force recommends that all women age 65 years of age or older should be screened with bone densitometry.

Did you know?

Astigmatism is the most common vision problem. It may accompany nearsightedness or farsightedness. It is usually caused by an irregularly shaped cornea, but sometimes it is the result of an irregularly shaped lens. Either type can be corrected by eyeglasses, contact lenses, or refractive surgery.

The different types of competition in nature. The different types of competition in nature.
Connell's experimental manipulation of species indicated the presence of competition. Connell's experimental manipulation of species indicated the presence of competition.
TrUe....FaLsE TrUe....FaLsE
Midsagittal section indicating locations of true and false pelves Midsagittal section indicating locations of true and false pelves
Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ... Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ...
Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price. Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price.
Video: Random alignment at Metaphase I Animation

For a complete list of videos, visit our video library