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 320 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
Gracias!

miss_1456@hotmail.com

  • Member
  • Posts: 289
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

Did you know?

The people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

A young Lipizzan at the Spanish Riding School in training equipment, wearing saddle, bridle and long A young Lipizzan at the Spanish Riding School in training equipment, wearing saddle, bridle and long
Crossing Over Results in Genetic Recombination Crossing Over Results in Genetic Recombination
In 2013, Americans learned that the federal government massively surveys their phone calls and e-mai In 2013, Americans learned that the federal government massively surveys their phone calls and e-mai
Reduced mobility in late adulthood often results in more limited activities and smaller social ... Reduced mobility in late adulthood often results in more limited activities and smaller social ...
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: Cardiac Cycle (Part 4 of 4)

For a complete list of videos, visit our video library