« previous next »

Author Question: Some economists argue that monopolistically competitive markets are inefficient because: a. the ... (Read 270 times)

09madisonrousseau09

  • Hero Member
  • *****
  • Posts: 559
on: Jun 30, 2018
Some economists argue that monopolistically competitive markets are inefficient because:
 a. the firms earn economic profits in the long run.
  b. the firms' marginal costs and marginal revenues are not always equal.
  c. firms do not produce the output rate that would minimize their average total cost.
  d. barriers to entry are high.

Question 2

Which of the following is true if the total variable cost curve is rising?
 a. Average fixed cost is increasing.
  b. Marginal cost is decreasing.
  c. Marginal cost is increasing.
  d. Average fixed cost is constant.


aruss1303

  • Sr. Member
  • ****
  • Posts: 314
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

c


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

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?

There are more sensory neurons in the tongue than in any other part of the body.

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Competitive drug enzyme immunoassay. Competitive drug enzyme immunoassay.
Farmers’ markets provide fresh, local produce to consumers Farmers’ markets provide fresh, local produce to consumers
The "Yes - Markets Self-Adjust" and "No - Markets Fail Often" camps agree The "Yes - Markets Self-Adjust" and "No - Markets Fail Often" camps agree
Juan's Software Service Company is in a perfectly competitive market. Juan has total fixed ... Juan's Software Service Company is in a perfectly competitive market. Juan has total fixed ...
Competitive firms and maximization Competitive firms and maximization
Markets and Institutions Market Story Problem Markets and Institutions Market Story Problem
Video: Requirements for nervous signals

For a complete list of videos, visit our video library