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Author Question: A monopolistic firm is a: a. price taker that faces the market supply curve. b. price taker that ... (Read 128 times)

jc611

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on: Jun 30, 2018
A monopolistic firm is a:
 a. price taker that faces the market supply curve.
  b. price taker that faces the market demand curve.
  c. price maker that faces the market supply curve.
  d. price maker that faces the market demand curve.

Question 2

Though the countries can benefit by completely specializing in the production of the good in which they have comparative advantage, in real world however, they do not completely specialize.
 a. True
  b. False
  Indicate whether the statement is true or false


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tennis14576

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Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

True


jc611

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

daiying98

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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