« previous next »

Author Question: What causes new firms to enter into a monopolistically competitive market structure? What will be ... (Read 141 times)

123654777

  • Hero Member
  • *****
  • Posts: 585
on: Jun 29, 2018
What causes new firms to enter into a monopolistically competitive market structure?
 
  What will be an ideal response?

Question 2

In the short run, when a firm is about to begin production it pays only:
 
  A) variable costs.
  B) opportunity costs.
  C) sunk costs.
  D) fixed costs.


jsm54321

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jun 29, 2018
Answer to Question 1

Positive economic profits earned by the existing firms in the short run attract new firms to enter a monopolistically competitive market.

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

competitive inhibition competitive inhibition
Seed structure. Seed structure.
Structure of molybdenum-dependent nitrogenase from Azotobacter vinelandii Structure of molybdenum-dependent nitrogenase from Azotobacter vinelandii
Structure of human immunodeficiency virus Structure of human immunodeficiency virus
What is the expanded structure of D-fructose What is the expanded structure of D-fructose
Ribosome structure and tRNA-binding sites interpreted from cryo-EM–generated data Ribosome structure and tRNA-binding sites interpreted from cryo-EM–generated data
Video: hGH (protein synthesis, growth and development)

For a complete list of videos, visit our video library