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

Author Question: Monopolistic competition is characterized by A) ease of entry. B) many sellers. C) product ... (Read 31 times)

roselinechinyere27m

  • Hero Member
  • *****
  • Posts: 557
on: Jun 30, 2018
Monopolistic competition is characterized by
 A) ease of entry.
  B) many sellers.
  C) product differentiation.
  D) all of these choices characterize this market.

Question 2

In a monopoly, producer surplus is
 A) larger than under perfect competition.
  B) is equal to that under perfect competition.
  C) smaller than under perfect competition.
  D) None of these choices is true.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

tennis14576

  • Sr. Member
  • ****
  • Posts: 334
Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

A


roselinechinyere27m

  • Member
  • Posts: 557
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

bimper21

  • Member
  • Posts: 309
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

Cyanide works by making the human body unable to use oxygen.

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Did you know?

More than 4.4billion prescriptions were dispensed within the United States in 2016.

Did you know?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

Product & Process Influences - Sterile Products Product & Process Influences - Sterile Products
Toe Rotations. Rotate each toe from the big toe to the little toe. Toe rotations ease neck muscle ... Toe Rotations. Rotate each toe from the big toe to the little toe. Toe rotations ease neck muscle ...
The four routes of entry into the human body for hazardous materials. The four routes of entry into the human body for hazardous materials.
The Emergency Action Guide entry for styrene. Useful information includes emergency response ... The Emergency Action Guide entry for styrene. Useful information includes emergency response ...
Importance of Considering Gestalt Principles in Product Design (2 of 2) Importance of Considering Gestalt Principles in Product Design (2 of 2)
Find derivative using product rule Find derivative using product rule
Video: Factors that increase metabolic rate and heat production

For a complete list of videos, visit our video library