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

Author Question: Monopolistic competition is defined as a type of market structure where A) many firms produce the ... (Read 90 times)

brutforce

  • Hero Member
  • *****
  • Posts: 540
on: Jun 29, 2018
Monopolistic competition is defined as a type of market structure where
 
  A) many firms produce the good.
  B) firms produce a homogeneous good.
  C) there are barriers to entry.
  D) firms can earn positive profit in the long run.

Question 2

Monopolists
 
  A) maximize revenue, not profits.
  B) have no short-run fixed costs.
  C) face downward sloping demand curves.
  D) are price takers.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

yotaSR5

  • Sr. Member
  • ****
  • Posts: 331
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


brutforce

  • Member
  • Posts: 540
Reply 2 on: Jun 29, 2018
Wow, this really help

pratush dev

  • Member
  • Posts: 321
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

The horizontal fraction bar was introduced by the Arabs.

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

Did you know?

On average, the stomach produces 2 L of hydrochloric acid per day.

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

Did you know?

Though Candida and Aspergillus species are the most common fungal pathogens causing invasive fungal disease in the immunocompromised, infections due to previously uncommon hyaline and dematiaceous filamentous fungi are occurring more often today. Rare fungal infections, once accurately diagnosed, may require surgical debridement, immunotherapy, and newer antifungals used singly or in combination with older antifungals, on a case-by-case basis.

Structure of a DNA polymerase polypeptide that contains a 3'–5' proofread Structure of a DNA polymerase polypeptide that contains a 3'–5' proofread
The functional structure of the peripheral nervous system. (A) Afferent or sensory neurons carry sen The functional structure of the peripheral nervous system. (A) Afferent or sensory neurons carry sen
Blood-typing and cross-reactions: The blood type depends on the presence of surface antigens (agglut Blood-typing and cross-reactions: The blood type depends on the presence of surface antigens (agglut
The chemical structure of the water molecule facilitates life The chemical structure of the water molecule facilitates life
The DNA of S-type bacteria can transform R-type bacteria into the same S type. The DNA of S-type bacteria can transform R-type bacteria into the same S type.
Chloroplast structure and function Chloroplast structure and function
Video: Nucleic acid digestion - brush border enzymes, end products & transport mechanism

For a complete list of videos, visit our video library