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

Author Question: In the long run in monopolistic competition, the demand curve facing the typical firm a. is ... (Read 106 times)

sammy

  • Hero Member
  • *****
  • Posts: 818
on: Jun 30, 2018
In the long run in monopolistic competition, the demand curve facing the typical firm
 a. is perfectly elastic
  b. slopes upward
  c. is tangent to the firm's average total cost curve
  d. lies above the firm's average total cost curve
  e. is the same as the portion of the firm's marginal cost curve above average variable cost

Question 2

One result of voters' rational ignorance is that
 a. cyclical majorities are more common
  b. vote trading is common
  c. majority rules
  d. special interests often dominate legislation
  e. members of Congress go along with whatever their constituents want


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

guyanai

  • Sr. Member
  • ****
  • Posts: 349
Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

D


sammy

  • Hero Member
  • *****
  • Posts: 818
Reply #2 on: Jun 30, 2018
Thank you


guyanai

  • Sr. Member
  • ****
  • Posts: 349
Reply #3 on: Jun 30, 2018
No problemo


« previous next »
 

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Did you know?

The heart is located in the center of the chest, with part of it tipped slightly so that it taps against the left side of the chest.

Did you know?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

The frequency of competition according to the number of species involved. The frequency of competition according to the number of species involved.
the comet Encke riding along its pebbly trail of debris (long diagonal line) between the orbits of M the comet Encke riding along its pebbly trail of debris (long diagonal line) between the orbits of M
Transformation and Evolution of a Long-Period Comet Transformation and Evolution of a Long-Period Comet
Role of PKM-zeta in Long-Lasting Long-Term Potentiation Role of PKM-zeta in Long-Lasting Long-Term Potentiation
Basic two-handed kneading. Tissues are lifted with the whole hand in firm contact. Basic two-handed kneading. Tissues are lifted with the whole hand in firm contact.
Stand at the side of the table facing the head. Apply lubricant with effleurage from ankle to hip ... Stand at the side of the table facing the head. Apply lubricant with effleurage from ankle to hip ...
Video: Structure of a Ribosome

For a complete list of videos, visit our video library