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 106 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
Excellent

ttt030911

  • Member
  • Posts: 315
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Did you know?

There are more nerve cells in one human brain than there are stars in the Milky Way.

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Local and long–distance cell communication in animals. Local and long–distance cell communication in animals.
Seven black members of Congress in 1871 are from left to right: Senator Hiram Revels (R-MS) and Repr Seven black members of Congress in 1871 are from left to right: Senator Hiram Revels (R-MS) and Repr
Apply the substance to the arm with long, smooth strokes, then cover the arm and abdomen with the ... Apply the substance to the arm with long, smooth strokes, then cover the arm and abdomen with the ...
Human activity has released carbon from sequestration in long-term reservoirs Human activity has released carbon from sequestration in long-term reservoirs
If you are able to earn 6.2% compounded semi-annually in an account, how long will it take for ... If you are able to earn 6.2% compounded semi-annually in an account, how long will it take for ...
Long noncoding RNAs mediate transcriptional activation Long noncoding RNAs mediate transcriptional activation
Video: Basic rhythm - control centers in medulla oblongata, spirograph and normal tidal cycle

For a complete list of videos, visit our video library