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 66 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

milbourne11

  • Member
  • Posts: 322
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Did you know?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

Did you know?

Approximately one in three babies in the United States is now delivered by cesarean section. The number of cesarean sections in the United States has risen 46% since 1996.

Local/long distance cell Signaling Local/long distance cell Signaling
fMRI Machine It is not until after toddlerhood that most children can lie still long enough to have fMRI Machine It is not until after toddlerhood that most children can lie still long enough to have
Endochondral ossification of long bone. Endochondral ossification of long bone.
Effects of competitive inhibition on enzyme kinetics Effects of competitive inhibition on enzyme kinetics
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 ...
Experiments showing that long- or short-day plants flower in response to night length. Each horizont Experiments showing that long- or short-day plants flower in response to night length. Each horizont
Video: Cardiac Cycle (Part 4 of 4)

For a complete list of videos, visit our video library