This topic contains a solution. Click here to go to the answer

Author Question: Monopolistic competition is characterized by A) ease of entry. B) many sellers. C) product ... (Read 69 times)

roselinechinyere27m

  • Hero Member
  • *****
  • Posts: 557
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
Answer to Question 1

D

Answer to Question 2

A




roselinechinyere27m

  • Member
  • Posts: 557
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review


JCABRERA33

  • Member
  • Posts: 344
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

Did you know?

The average office desk has 400 times more bacteria on it than a toilet.

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

For a complete list of videos, visit our video library