Author Question: A firm's resource at a given point in time can be defined as: a. those investments made by it in ... (Read 41 times)

2125004343 · **on:** Jun 30, 2018

A firm's resource at a given point in time can be defined as:
a. those investments made by it in profitable organizations.
b. those tangible and intangible assets attached to it semipermanently.
c. its ability to control the market price.
d. its lobbying ability built over years of experience.

Question 2

In a monopolistically competitive scenario, as more firms enter into the industry, the long run demand curve for most firms will tend to become:
a. more inelastic.
b. vertical.
c. horizontal.
d. more elastic.