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

Author Question: Monopolistic competition and perfect competition are different in that monopolistically competitive ... (Read 115 times)

jessicacav

  • Hero Member
  • *****
  • Posts: 558
on: Jun 30, 2018
Monopolistic competition and perfect competition are different in that monopolistically competitive firms:
 a. cannot earn profits in the short run.
 b. face firm demand curves that are less elastic than perfectly competitive firms.
  c. face substantial barriers to entry.
 d. earn economic profits in the long run.

Question 2

Which of the following is an example of an obligation associated with a right?
 a. Providing adequate notice period to your tenants to vacate your house.
  b. Allowing your kids to play with other children in the neighborhood.
  c. Allowing neighbors to use your lawn to maintain healthy public relations.
  d. Providing proper education and adequate nutrition to your children.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

momtoalll

  • Sr. Member
  • ****
  • Posts: 326
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

A


jessicacav

  • Member
  • Posts: 558
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

xiazhe

  • Member
  • Posts: 331
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

Did you know?

Signs of depression include feeling sad most of the time for 2 weeks or longer; loss of interest in things normally enjoyed; lack of energy; sleep and appetite disturbances; weight changes; feelings of hopelessness, helplessness, or worthlessness; an inability to make decisions; and thoughts of death and suicide.

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

Oliver Wendell Holmes is credited with introducing the words "anesthesia" and "anesthetic" into the English language in 1846.

Welcome sign for Kenton, Tennessee, an example of competition for "White Squirrel Capital" Welcome sign for Kenton, Tennessee, an example of competition for "White Squirrel Capital"
Competitive enzyme immunoassay. (a) Shows the uninhibited reaction and (b) shows the inhibited ... Competitive enzyme immunoassay. (a) Shows the uninhibited reaction and (b) shows the inhibited ...
Competitive drug enzyme immunoassay. Competitive drug enzyme immunoassay.
Perfect logistic curves Perfect logistic curves
European swimming competition European swimming competition
Perfect Circles Perfect Circles
Video: Epidural Hematoma

For a complete list of videos, visit our video library