« previous next »

Author Question: Which of the following characteristics does perfect competition share with monopolistic competition? ... (Read 34 times)

hbsimmons88

  • Hero Member
  • *****
  • Posts: 526
on: Jun 30, 2018
Which of the following characteristics does perfect competition share with monopolistic competition?
 a. price-taking firms
  b. zero long-run economic profit
  c. homogeneous product
  d. some barriers to entry
  e. economies of scale in production

Question 2

Rationality implies that in order to get what they want, people will spend the most time and effort
 a. making private market decisions
  b. getting politically involved
  c. investigating political candidates' platforms
  d. debating social issues
  e. writing to Congress


HandsomeMarc

  • Sr. Member
  • ****
  • Posts: 360
Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

Did you know?

Alcohol acts as a diuretic. Eight ounces of water is needed to metabolize just 1 ounce of alcohol.

Did you know?

The lipid bilayer is made of phospholipids. They are arranged in a double layer because one of their ends is attracted to water while the other is repelled by water.

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Chordate characteristics Chordate characteristics
Types and characteristics of stem cells for culture Types and characteristics of stem cells for culture
Examples of NANDA defining characteristics Examples of NANDA defining characteristics
Booker T. Washington in his office at Tuskegee Institute, 1900. Washington chose a policy of accommo Booker T. Washington in his office at Tuskegee Institute, 1900. Washington chose a policy of accommo
Testing the Chemical Characteristics of Urine with Reagent Strips Testing the Chemical Characteristics of Urine with Reagent Strips
Characteristics of the individual determine (a) whether they will be exposed to certain stressors ... Characteristics of the individual determine (a) whether they will be exposed to certain stressors ...
Video: The Vestibular System

For a complete list of videos, visit our video library