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

Author Question: Which of the following is false? a. Long run equilibrium in monopolistic competition results in ... (Read 299 times)

Frost2351

  • Hero Member
  • *****
  • Posts: 557
on: Jun 30, 2018
Which of the following is false?
 a. Long run equilibrium in monopolistic competition results in zero economic profits.
 b. Monopolistic competitor's demand curves are likely to be more elastic than those of monopolists.
 c. Monopolistic competition results in a greater variety of products than perfect competition.
 d. Monopolistic competition's zero economic profit long run equilibrium is efficient, like the zero profit equilibrium in perfect competition.

Question 2

Which of the following remedies can be used to prevent the beekeeper and the farmer from breaking the contract?
 a. Separating the ownership and management of the bees and trees.
  b. Merging the ownership and management of the bees and the trees.
  c. Providing the farmer a larger share of the net benefit received from the contract.
  d. Providing the bee keeper a larger share of the net benefit received from the contract.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jomama

  • Sr. Member
  • ****
  • Posts: 346
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

B


Frost2351

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

jamesnevil303

  • Member
  • Posts: 337
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

According to research, pregnant women tend to eat more if carrying a baby boy. Male fetuses may secrete a chemical that stimulates their mothers to step up her energy intake.

This Black-browed Albatross has been hooked on a long-line. This Black-browed Albatross has been hooked on a long-line.
Results are shown for proteins denatured by two different environmental changes Results are shown for proteins denatured by two different environmental changes
Growth of Dendritic Spines After Long-Term Potentiation Growth of Dendritic Spines After Long-Term Potentiation
Types of Long-Term Memories Types of Long-Term Memories
A very thin uniform rod, 2.40 m long and of weight 135 N, has a frictionless hinge at its lower ... A very thin uniform rod, 2.40 m long and of weight 135 N, has a frictionless hinge at its lower ...
I need help fill up the chart attached phtoto long question I need help fill up the chart attached phtoto long question
Video: Kidney Stones

For a complete list of videos, visit our video library