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

Author Question: In a monopolistically competitive industry, the competitive element results from ____ and the ... (Read 198 times)

APUS57

  • Hero Member
  • *****
  • Posts: 571
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.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

vkodali

  • Sr. Member
  • ****
  • Posts: 357
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

D


APUS57

  • Member
  • Posts: 571
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

nguyenhoanhat

  • Member
  • Posts: 332
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

Non-competitive inhibition Non-competitive inhibition
National Sleep Foundation Survey Results National Sleep Foundation Survey Results
Many diesel fuel additives increase the cetane rating which results in improved fuel economy. Many diesel fuel additives increase the cetane rating which results in improved fuel economy.
A substrate and its competitive inhibitor A substrate and its competitive inhibitor
The five skills of the element Analysis of Situation The five skills of the element Analysis of Situation
The expected results of two generations of semiconservative replication The expected results of two generations of semiconservative replication
Video: A timeline of the teeth (Explained - No Audio)

For a complete list of videos, visit our video library