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Author Question: In a monopolistically competitive industry, the competitive element results from ____ and the ... (Read 177 times)

APUS57

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on: Jun 30, 2018
In a monopolistically competitive industry, the competitive element results from ____ and the monopoly element results from ____.
 a. product differentiation; substantial barriers to entry.
 b. a large number of firms and free entry; product differentiation.
  c. advertising; product differentiation.
 d. product differentiation; the small number of large producers.

Question 2

Lawyer Ayres and economist Levitt considered the net benefits of installing a LoJack from the society's standpoint positive, because the annual installation and service charges on this equipment was:
 a. more than the average loss per stolen car.
  b. higher than the auto theft insurance paid by car owners
  c. lower than the auto theft insurance paid by car owners.
  d. less than the average loss per year due to deterred theft.


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vkodali

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Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

D


APUS57

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

Jsherida

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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