« previous next »

Author Question: Monopolistically competitive firms do not achieve productive efficiency because a. entry of firms ... (Read 92 times)

mcmcdaniel

  • Hero Member
  • *****
  • Posts: 550
on: Jun 30, 2018
Monopolistically competitive firms do not achieve productive efficiency because
 a. entry of firms raises production costs in the long run
  b. barriers to entry allow profit to be earned in the long run
  c. price is greater than marginal cost at the profit maximizing output level
  d. profit is maximized at a quantity where average total cost is not minimized
  e. there is no threat of entry in the long run

Question 2

Agricultural subsidies in the United States are paid for by
 a. consumers of the product
  b. taxpayers and consumers
  c. other industries
  d. special taxes
  e. import tariffs


ririgirl15

  • Sr. Member
  • ****
  • Posts: 385
Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Did you know?

Eating carrots will improve your eyesight. Carrots are high in vitamin A (retinol), which is essential for good vision. It can also be found in milk, cheese, egg yolks, and liver.

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

competitive inhibition competitive inhibition
Firms Incorporated into U.S. Steel Firms Incorporated into U.S. Steel
Example of Index entry for an anatomic site with a cross-reference. Example of Index entry for an anatomic site with a cross-reference.
When parents actively support higher education, their children achieve more in their future careers. When parents actively support higher education, their children achieve more in their future careers.
Competitive inhibitor Competitive inhibitor
The CHRIS manual entry for toluene. Useful information includes response information, chemical and ... The CHRIS manual entry for toluene. Useful information includes response information, chemical and ...
Video: Body plan of euglena Animation

For a complete list of videos, visit our video library