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Author Question: Which of the following groups lists the four factors of production? A) labor, capital, land, ... (Read 87 times)

Tazate

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on: Jun 29, 2018
Which of the following groups lists the four factors of production?
 
  A) labor, capital, land, entrepreneurship
  B) labor, capital, land, money
  C) labor, money, land, entrepreneurship
  D) labor, capital, money, entrepreneurship

Question 2

A monopolistically competitive firm is like an oligopolistic firm insofar as
 
  A) both face perfectly elastic demand.
  B) both can earn an economic profit in the long run.
  C) both have MR curves that lie beneath their demand curves.
  D) neither is protected by high barriers to entry.


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princessflame2016

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

A

Answer to Question 2

C


Tazate

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

dyrone

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

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