Author Question: Firms in monopolistic competition charge prices that are ________ those of the other firms in the ... (Read 65 times)

jon_i

  • Hero Member
  • *****
  • Posts: 549
Firms in monopolistic competition charge prices that are ________ those of the other firms in the market.
 
  A) close to
  B) very different from
  C) the same as
  D) completely unrelated to

Question 2

In the above figure, a price of 15 per dozen for roses would result in
 
  A) equilibrium.
  B) a shortage.
  C) a surplus.
  D) downward pressure on prices.



jesse.fleming

  • Sr. Member
  • ****
  • Posts: 301
Answer to Question 1

A

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

When blood is exposed to air, it clots. Heparin allows the blood to come in direct contact with air without clotting.

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Did you know?

Bacteria have been found alive in a lake buried one half mile under ice in Antarctica.

Did you know?

It is widely believed that giving a daily oral dose of aspirin to heart attack patients improves their chances of survival because the aspirin blocks the formation of new blood clots.

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

For a complete list of videos, visit our video library