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 89 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?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

Did you know?

Eating carrots will improve your eyesight. Carrots are high in vitamin A (retinol), which is essential for good vision. It can also be found in milk, cheese, egg yolks, and liver.

Did you know?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

Long bones develop from several bony centers--one for the shaft and at least one for each end. The e Long bones develop from several bony centers--one for the shaft and at least one for each end. The e
Typical "butterfly" rash seen in SLE. Typical "butterfly" rash seen in SLE.
Long Term Control Medications Long Term Control Medications
Effleurage hand over hand along spinal muscles. Stand at the side directly facing the table and ... Effleurage hand over hand along spinal muscles. Stand at the side directly facing the table and ...
Americium-243 has a decay constant of 9.39 × 10-5 years-1. How long will it take Americium-243 has a decay constant of 9.39 × 10-5 years-1. How long will it take
Type II curve. Mortality does not vary with age. Data for five-lined skink (Eumeces fasciatus). Type II curve. Mortality does not vary with age. Data for five-lined skink (Eumeces fasciatus).
Video: DNA Replication Factory and Protein

For a complete list of videos, visit our video library