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 182 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
Gracias!

laurnthompson

  • Member
  • Posts: 334
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

There are more nerve cells in one human brain than there are stars in the Milky Way.

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

(A) Scratch test; patient is exposed to allergens through a light scratch on the skin; (B) Positive (A) Scratch test; patient is exposed to allergens through a light scratch on the skin; (B) Positive
Atom of the Element Lithium Atom of the Element Lithium
According to neuroendocrine models of depression, repeated or chronic stress results in overactivity ... According to neuroendocrine models of depression, repeated or chronic stress results in overactivity ...
F1 and F2 results of Mendel’s dihybrid crosses F1 and F2 results of Mendel’s dihybrid crosses
Cytological proof from Zea mays that recombination results from crossing over Cytological proof from Zea mays that recombination results from crossing over
Predictions for the results of mutation of an overlapping and a nonoverlapping genetic code Predictions for the results of mutation of an overlapping and a nonoverlapping genetic code
Video: What Are Carbohydrates? Importance of Carbs & High Carb Food

For a complete list of videos, visit our video library