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

Author Question: In the long-run, firms in a monopolistically competitive market earn zero economic profit. a. True ... (Read 69 times)

TFauchery

  • Hero Member
  • *****
  • Posts: 500
on: Jun 30, 2018
In the long-run, firms in a monopolistically competitive market earn zero economic profit.
 a. True
  b. False

Question 2

A large U.S. steel firm wants to restrict imports of Japanese steel, but Ford Motor Company wants fewer restrictions on steel so that the price of steel will go down. This can best be described as
 a. a zero-sum game
  b. a competing-interest situation
  c. a special-interest situation
  d. a situation without widespread costs and benefits
  e. an argument over distribution of a public good


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

trog

  • Sr. Member
  • ****
  • Posts: 343
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

B


TFauchery

  • Member
  • Posts: 500
Reply 2 on: Jun 30, 2018
Wow, this really help

Animal_Goddess

  • Member
  • Posts: 339
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Did you know?

Limit intake of red meat and dairy products made with whole milk. Choose skim milk, low-fat or fat-free dairy products. Limit fried food. Use healthy oils when cooking.

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

Did you know?

Congestive heart failure is a serious disorder that carries a reduced life expectancy. Heart failure is usually a chronic illness, and it may worsen with infection or other physical stressors.

Blocked at every turn by congressional Republicans who hated him, President Obama turned to techniqu Blocked at every turn by congressional Republicans who hated him, President Obama turned to techniqu
A slave market in Marrakesh, Morocco. This lithograph is from the 1800s. A slave market in Marrakesh, Morocco. This lithograph is from the 1800s.
How long does it take for 90% of a sample of strontium-90 (half-life of 28.8 years) to decay? How long does it take for 90% of a sample of strontium-90 (half-life of 28.8 years) to decay?
Indicators of Economic Development Indicators of Economic Development
Part of a Semantic Network in Long-Term Memory Part of a Semantic Network in Long-Term Memory
A reciprocal translocation involving the long arms of chromosomes A reciprocal translocation involving the long arms of chromosomes
Video: Introduction to Diabetes

For a complete list of videos, visit our video library