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Author Question: As new monopolistically competitive firms enter the market, the demand facing each firm __________, ... (Read 130 times)

c0205847

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  • Posts: 531
on: Jun 30, 2018
As new monopolistically competitive firms enter the market, the demand facing each firm __________, causing the price charged by each firm to __________. In the long run, each firm will earn a __________ profit.
 a. falls; rise; positive
  b. rises; fall; positive
  c. falls; rise; normal
  d. rises; fall; normal
  e. falls; fall; normal

Question 2

Many eligible voters do not vote, and many who do vote don't read the biographies of candidates before they vote. These are examples of
 a. the median-voter model
  b. representative government
  c. rational ignorance
  d. stupidity
  e. laziness


jgranad15

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Reply #1 on: Jun 30, 2018
Answer to Question 1

E

Answer to Question 2

C


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