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

Author Question: When new firms enter a monopolistically competitive industry: a. the average total cost curves of ... (Read 81 times)

khang

  • Hero Member
  • *****
  • Posts: 569
on: Jun 30, 2018
When new firms enter a monopolistically competitive industry:
 a. the average total cost curves of established firms will shift downward.
 b. the demand curve of an established firm is reduced at each level of output.
 c. the established firms will each increase production.
 d. the average revenue received by an established firm will increase at each level of output.

Question 2

Fixed exchange rates allow countries to formulate their economic policies independent of other nations.
 a. True
  b. False
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Natalie4ever

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

False


khang

  • Hero Member
  • *****
  • Posts: 569
Reply #2 on: Jun 30, 2018
Correct answers!


Natalie4ever

  • Sr. Member
  • ****
  • Posts: 335
Reply #3 on: Jun 30, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Did you know?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

2 Several oxygen-binding curves: for normal hemoglobin 2 Several oxygen-binding curves: for normal hemoglobin
During a total solar eclipse, the solar corona can be seen with the naked eye, during the brief peri During a total solar eclipse, the solar corona can be seen with the naked eye, during the brief peri
Total body water (TBW) Total body water (TBW)
Lineweaver–Burk plots of the reactions with and without a competitive inhibitor Lineweaver–Burk plots of the reactions with and without a competitive inhibitor
How to find the average atomic mass of an element How to find the average atomic mass of an element
Competitive firms and maximization Competitive firms and maximization
Video: Regulation of GFR: three methods, autoregulation & autoregulation via myogenic mechanism

For a complete list of videos, visit our video library