This topic contains a solution. Click here to go to the answer

Author Question: Which of the following is false? a. Long run equilibrium in monopolistic competition results in ... (Read 337 times)

Frost2351

  • Hero Member
  • *****
  • Posts: 557
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
Answer to Question 1

d

Answer to Question 2

B




Frost2351

  • Member
  • Posts: 557
Reply 2 on: Jun 30, 2018
:D TYSM


ultraflyy23

  • Member
  • Posts: 312
Reply 3 on: Yesterday
Wow, this really help

 

Did you know?

Medication errors are three times higher among children and infants than with adults.

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

Did you know?

The FDA recognizes 118 routes of administration.

Did you know?

Symptoms of kidney problems include a loss of appetite, back pain (which may be sudden and intense), chills, abdominal pain, fluid retention, nausea, the urge to urinate, vomiting, and fever.

Did you know?

Tobacco depletes the body of vitamins A, C, and E, which can result in any of the following: dry hair, dry skin, dry eyes, poor growth, night blindness, abscesses, insomnia, fatigue, reproductive system problems, sinusitis, pneumonia, frequent respiratory problems, skin disorders, weight loss, rickets, osteomalacia, nervousness, muscle spasms, leg cramps, extremity numbness, bone malformations, decayed teeth, difficulty in walking, irritability, restlessness, profuse sweating, increased uric acid (gout), joint damage, damaged red blood cells, destruction of nerves, infertility, miscarriage, and many types of cancer.

For a complete list of videos, visit our video library