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

Author Question: A monopolistic competitor is like a monopolist in that: a. it sells in the inelastic portion of its ... (Read 81 times)

charchew

  • Hero Member
  • *****
  • Posts: 579
on: Jun 30, 2018
A monopolistic competitor is like a monopolist in that:
 a. it sells in the inelastic portion of its demand curve.
  b. it earns zero economic profit in the long run.
 c. the marginal revenue curve lies above the AR curve.
  d. it faces a downward-sloping demand curve.

Question 2

Because of their greediness, speculators are considered bad for exchange-rate markets.
 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

ecox1012

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

True


charchew

  • Member
  • Posts: 579
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

yeungji

  • Member
  • Posts: 319
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Did you know?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

A portion of the periodic table of elements A portion of the periodic table of elements
A seashell vendor in Tanzania sells to tourists seashells which have been taken from the sea alive, A seashell vendor in Tanzania sells to tourists seashells which have been taken from the sea alive,
Comparison of Portion Sizes of Common Foods Comparison of Portion Sizes of Common Foods
Portion sizes of French fries have more than doubled from the past Portion sizes of French fries have more than doubled from the past
Using child-sized dishes at mealtimes can help caregivers monitor portion sizes Using child-sized dishes at mealtimes can help caregivers monitor portion sizes
A company that sells sweatshirts finds that the profit can be modelled by P(s)= ... A company that sells sweatshirts finds that the profit can be modelled by P(s)= ...
Video: Photosynthesis overview Animation

For a complete list of videos, visit our video library