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

Author Question: In the long run, economic profit for a monopolistically competitive firm a. is zero, due to the ... (Read 80 times)

mia

  • Hero Member
  • *****
  • Posts: 564
on: Jun 30, 2018
In the long run, economic profit for a monopolistically competitive firm
 a. is zero, due to the lack of barriers to entry
  b. is zero, due to product differentiation
  c. may be positive, due to strong barriers to entry
  d. may be positive, due to product differentiation
  e. may be positive, due to advertising and product promotion

Question 2

Rational ignorance occurs when
 a. voters find the cost of understanding a specific issue is greater than the expected benefit
  b. legislation generates large benefits for a few people but imposes costs on many people
  c. the preferences of the median voter dominates public choices
  d. individuals or firms attempt to obtain favorable treatment from government officials
  e. people make public decisions based on emotion rather than a rational analysis


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

johnharpe

  • Sr. Member
  • ****
  • Posts: 338
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

A


mia

  • Member
  • Posts: 564
Reply 2 on: Jun 30, 2018
Wow, this really help

epscape

  • Member
  • Posts: 335
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Cutaneous mucormycosis is a rare fungal infection that has been fatal in at least 29% of cases, and in as many as 83% of cases, depending on the patient's health prior to infection. It has occurred often after natural disasters such as tornados, and early treatment is essential.

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Did you know?

The most common treatment options for addiction include psychotherapy, support groups, and individual counseling.

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

The Role of Summation in Long-Term Potentiation The Role of Summation in Long-Term Potentiation
Abdominal thrusts are delivered with a firm thrust into the patient’s abdomen with an upward ... Abdominal thrusts are delivered with a firm thrust into the patient’s abdomen with an upward ...
Economic and Social Development Economic and Social Development
Ayurvedic massage. Long sweeping stroke from foot around shoulder and down the arm, recipient prone. Ayurvedic massage. Long sweeping stroke from foot around shoulder and down the arm, recipient prone.
IPCC economic scenarios IPCC economic scenarios
economic question economic question
Video: Protein catabolism (Krebs cycle) and Protein anabolism (protein synthesis)

For a complete list of videos, visit our video library