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

Author Question: In the long run, monopolistically competitive firms have: a. excess capacity. b. positive profits. ... (Read 64 times)

APUS57

  • Hero Member
  • *****
  • Posts: 571
on: Jun 30, 2018
In the long run, monopolistically competitive firms have:
 a. excess capacity.
  b. positive profits.
  c. minimal average costs.
  d. homogeneous production.

Question 2

Given the prices of two goods, all quantity combinations inside the budget line are:
 a. indifferent.
  b. efficient.
  c. unattainable.
  d. attainable.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

frankwu0507

  • Sr. Member
  • ****
  • Posts: 322
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

d


APUS57

  • Member
  • Posts: 571
Reply 2 on: Jun 30, 2018
:D TYSM

tandmlomax84

  • Member
  • Posts: 323
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

The eye muscles are the most active muscles in the whole body. The external muscles that move the eyes are the strongest muscles in the human body for the job they have to do. They are 100 times more powerful than they need to be.

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

Did you know?

The shortest mature adult human of whom there is independent evidence was Gul Mohammed in India. In 1990, he was measured in New Delhi and stood 22.5 inches tall.

Did you know?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

A latex agglutination test for rheumatoid factor. A positive control at 1. A negative control at 2. ... A latex agglutination test for rheumatoid factor. A positive control at 1. A negative control at 2. ...
Effects of competitive inhibition on enzyme kinetics Effects of competitive inhibition on enzyme kinetics
Long-wave energy flux is emitted from Earth Long-wave energy flux is emitted from Earth
Project Management: Achieving Competitive Advantage, 5th Edition Project Management: Achieving Competitive Advantage, 5th Edition
Perform the indicated division (long division polynomials) Perform the indicated division (long division polynomials)
Last year, Terrific Copying had total revenue of $475 000, while operating at 60% of capacity. ... Last year, Terrific Copying had total revenue of $475 000, while operating at 60% of capacity. ...
Video: Role of the urinary system - acidosis and alkalosis

For a complete list of videos, visit our video library