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 55 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

juliaf

  • Member
  • Posts: 344
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Vaccines cause herd immunity. If the majority of people in a community have been vaccinated against a disease, an unvaccinated person is less likely to get the disease since others are less likely to become sick from it and spread the disease.

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Did you know?

Alcohol acts as a diuretic. Eight ounces of water is needed to metabolize just 1 ounce of alcohol.

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

The age structure of human populations in West Africa and Western Europe, as of 2000. The age structure of human populations in West Africa and Western Europe, as of 2000.
Skin structure, including the three layers of the skin and the accessory organs: sweat gland, sebace Skin structure, including the three layers of the skin and the accessory organs: sweat gland, sebace
Models of the α helix, showing different aspects of its structure Models of the α helix, showing different aspects of its structure
Location and structure of the stomach Location and structure of the stomach
Chloroplast structure and function Chloroplast structure and function
Nucleosome structure Nucleosome structure
Video: Hormonal regulation of pregnancy - week 1

For a complete list of videos, visit our video library