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

Author Question: Monopolistically competitive firms do not achieve allocative efficiency in the long run because a. ... (Read 46 times)

ETearle

  • Hero Member
  • *****
  • Posts: 580
on: Jun 30, 2018
Monopolistically competitive firms do not achieve allocative efficiency in the long run because
 a. marginal cost equals marginal revenue
  b. marginal cost is greater than marginal revenue
  c. marginal cost is less than marginal revenue
  d. price is less than marginal cost
  e. price is greater than marginal cost

Question 2

It is not likely that the costly special-interest farm price supports will be replaced by more efficient direct transfer payments because
 a. farming would cease
  b. such a proposal would attract public attention and threaten the survival of the program
  c. the private gains from price supports exceed the costs to society
  d. a direct transfer program would require too much paperwork
  e. consumers favor the current legislation


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

chjcharjto14

  • Sr. Member
  • ****
  • Posts: 342
Reply #1 on: Jun 30, 2018
Answer to Question 1

E

Answer to Question 2

B


ETearle

  • Member
  • Posts: 580
Reply 2 on: Jun 30, 2018
Wow, this really help

AngeliqueG

  • Member
  • Posts: 343
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

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.

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Did you know?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

A young Lipizzan at the Spanish Riding School in training equipment, wearing saddle, bridle and long A young Lipizzan at the Spanish Riding School in training equipment, wearing saddle, bridle and long
long bone long bone
Long-Term Potentiation and Long-Term Depression Long-Term Potentiation and Long-Term Depression
Regular staff meetings increase the efficiency of the medical office staff. Regular staff meetings increase the efficiency of the medical office staff.
How Long Does Poverty Last? How Long Does Poverty Last?
When the engine is cold and before the oxygen sensor is hot enough to achieve closed-loop, the ... When the engine is cold and before the oxygen sensor is hot enough to achieve closed-loop, the ...
Video: Bond in biological molecules (Ionic, Covalent and Hydrogen bonds)/ How atoms bond?

For a complete list of videos, visit our video library