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 159 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?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Change in Emotional States During Adolescence Average emotional state becomes teadilyi more negativ Change in Emotional States During Adolescence Average emotional state becomes teadilyi more negativ
Average Global Temperature during the Phanerozoic Average Global Temperature during the Phanerozoic
Natural Resources and Industry Natural Resources and Industry
Total Solid Waste, MSW per Capita Total Solid Waste, MSW per Capita
Finding the length given total distance and distance longer than other point Finding the length given total distance and distance longer than other point
Chart showing average yearly dose of radiation from natural and human-made sources Chart showing average yearly dose of radiation from natural and human-made sources
Video: Major Elements in Biological Molecules: Lipids

For a complete list of videos, visit our video library