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

Author Question: Suppose that firms in a monopolistically competitive industry are earning short-run economic ... (Read 97 times)

lunatika

  • Hero Member
  • *****
  • Posts: 548
on: Jun 30, 2018
Suppose that firms in a monopolistically competitive industry are earning short-run economic profits. In the long run, the demand curve facing each individual firm can be expected to
 a. shift to the left and become flatter
  b. shift to the left and become steeper
  c. shift to the right and become flatter
  d. shift to the right and become steeper
  e. remain constant

Question 2

Legislation that benefits many individuals at the expense of a few is a natural outcome of representative democracy.
 a. True
  b. False


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

zogaridan

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

B


lunatika

  • Hero Member
  • *****
  • Posts: 548
Reply #2 on: Jun 30, 2018
Correct answers!


zogaridan

  • Sr. Member
  • ****
  • Posts: 328
Reply #3 on: Jun 30, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Did you know?

Most fungi that pathogenically affect humans live in soil. If a person is not healthy, has an open wound, or is immunocompromised, a fungal infection can be very aggressive.

Did you know?

Approximately 70% of expectant mothers report experiencing some symptoms of morning sickness during the first trimester of pregnancy.

The rate of evolution in short­ and long­lived plants The rate of evolution in short­ and long­lived plants
Economic Globalization Economic Globalization
A Comparison of Economic Systems A Comparison of Economic Systems
economic question economic question
economic question economic question
economic question (having trouble) economic question (having trouble)
Video: What is Reverse Osmosis?

For a complete list of videos, visit our video library