« previous next »

Author Question: The entry of new firms into a monopolistic competitive industry will shift the: a. market demand ... (Read 74 times)

student77

  • Hero Member
  • *****
  • Posts: 567
on: Jun 30, 2018
The entry of new firms into a monopolistic competitive industry will shift the:
 a. market demand curve to the right.
  b. market demand curve to the left.
  c. existing firm's demand curve to the right.
  d. existing firm's demand curve to the left.
  e. market supply curve to the left.

Question 2

Which of the following would be considered an implicit cost?
 a. Health insurance of employees paid for by the firm
  b. The water bill of the firm
  c. The salaries paid to the managers of the firm
  d. Foregone rent on assets owned by the firm


wtf444

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

d

Answer to Question 2

d


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

Did you know?

Approximately one in three babies in the United States is now delivered by cesarean section. The number of cesarean sections in the United States has risen 46% since 1996.

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

An example of a late entry to the medical record. An example of a late entry to the medical record.
Competitive enzyme immunoassay. (a) Shows the uninhibited reaction and (b) shows the inhibited ... Competitive enzyme immunoassay. (a) Shows the uninhibited reaction and (b) shows the inhibited ...
Plan of Trajan's Forum and Market "خطة منتدى ترجان والسوق" Plan of Trajan's Forum and Market "خطة منتدى ترجان والسوق"
The population of Asia increases rapidly, the demand for food and water is also growing The population of Asia increases rapidly, the demand for food and water is also growing
Strategic Management and Competitive Advantage: Concepts and Cases, 6th Edition Strategic Management and Competitive Advantage: Concepts and Cases, 6th Edition
Economic objectives of firms Economic objectives of firms
Video: Introduction to Eating Disorders

For a complete list of videos, visit our video library