« previous next »

Author Question: When firms exit a monopolistically competitive market: a. product variety diminishes. b. prices ... (Read 136 times)

APUS57

  • Hero Member
  • *****
  • Posts: 571
on: Jun 30, 2018
When firms exit a monopolistically competitive market:
 a. product variety diminishes.
 b. prices fall.
 c. profits decrease (losses increase).
 d. the demand curves of established firms shift to the right.

Question 2

Although a LoJack benefits the community as a whole by lowering the incidence of theft, an individual car owner may prefer not to install it.
  Indicate whether the statement is true or false


duke02

  • Sr. Member
  • ****
  • Posts: 312
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

T


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The most common childhood diseases include croup, chickenpox, ear infections, flu, pneumonia, ringworm, respiratory syncytial virus, scabies, head lice, and asthma.

Did you know?

Medications that are definitely not safe to take when breastfeeding include radioactive drugs, antimetabolites, some cancer (chemotherapy) agents, bromocriptine, ergotamine, methotrexate, and cyclosporine.

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

A variety of bird beaks A variety of bird beaks
competitive inhibition competitive inhibition
Eating a variety of foods from all food groups is the best strategy to meet your daily mineral needs Eating a variety of foods from all food groups is the best strategy to meet your daily mineral needs
Find derivative using product rule Find derivative using product rule
Markets and Institutions Market Story Problem Markets and Institutions Market Story Problem
Insect PollinationHoneybees are efficient pollinators of a variety of flowers, including those of be Insect PollinationHoneybees are efficient pollinators of a variety of flowers, including those of be
Video: Electromagnetic Spectrum, Chlorophyll and Pigment & Light

For a complete list of videos, visit our video library