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

Author Question: For a monopolistically competitive firm in long run equilibrium: a. marginal revenue equals ... (Read 144 times)

jake

  • Hero Member
  • *****
  • Posts: 538
on: Jun 30, 2018
For a monopolistically competitive firm in long run equilibrium:
 a. marginal revenue equals marginal cost and price equals average cost.
 b. the economic profits it is earning will soon be competed away by entry.
  c. accounting profits are zero and price equals marginal cost.
 d. marginal revenue equals marginal cost and average total cost is minimized.

Question 2

Farmers can avoid the free rider problem associated with the benefits received from beekeepers by:
 a. forming local associations who contract with beekeepers.
  b. excluding non payers from using the services provided by beekeepers.
  c. fixing a low charge for the service provided by beekeepers.
  d. contracting with selective beekeepers and giving them a share of farm output.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

fur

  • Sr. Member
  • ****
  • Posts: 309
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

A


jake

  • Member
  • Posts: 538
Reply 2 on: Jun 30, 2018
Wow, this really help

dreamfighter72

  • Member
  • Posts: 355
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Did you know?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

Testing the effects of long-term fertilizing on inter-actions between mycorrhizal fungi and plants o Testing the effects of long-term fertilizing on inter-actions between mycorrhizal fungi and plants o
Rebound Tenderness, Apply Firm Pressure to the Abdomen Rebound Tenderness, Apply Firm Pressure to the Abdomen
Long-wattled Umbrellabird Long-wattled Umbrellabird
Associative Long-Term Potentiation Associative Long-Term Potentiation
Long stroke used in lymphatic facilitation. Long stroke used in lymphatic facilitation.
Video: Morphology of a tomato plant

For a complete list of videos, visit our video library