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Author Question: In monopolistic competition if there is profit, there is: a. a signal for new firms to enter. b. a ... (Read 49 times)

jc611

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on: Jun 30, 2018
In monopolistic competition if there is profit, there is:
 a. a signal for new firms to enter.
  b. a motive for existing firms to increase prices.
  c. proof that advertising works.
  d. a motive for existing firms to decrease prices.
  e. product differentiation.

Question 2

Indifference curves that are closest to the origin are preferable to ones that are farther from the origin.
 a. True
  b. False
  Indicate whether the statement is true or false


lorealeza77

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

a

Answer to Question 2

False


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jc611

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Reply #2 on: Jun 30, 2018
Thank you :)


lorealeza77

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Reply #3 on: Jun 30, 2018
Happy to help you


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