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

Author Question: In the long run, the economic profit of Hoot's Pump Chicken 'n' Ribs, a monopolistic competitor, a. ... (Read 36 times)

olgavictoria

  • Hero Member
  • *****
  • Posts: 528
on: Jun 30, 2018
In the long run, the economic profit of Hoot's Pump Chicken 'n' Ribs, a monopolistic competitor,
 a. is not eliminated because competition is not perfect
  b. is not eliminated because the demand curve slopes downward
  c. is eliminated because of new firms entering the industry
  d. is eliminated because of firms leaving the industry
  e. is not eliminated because new firms cannot enter the industry

Question 2

Under representative democracy,
 a. the median voter's preferences are always satisfied
  b. citizens no longer have any influence since they do not vote on each issue
  c. representatives may reflect the preferences of the median voter
  d. less vote trading will occur than under direct voting
  e. vote trading is impossible


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Edwyer

  • Sr. Member
  • ****
  • Posts: 337
Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

C


olgavictoria

  • Member
  • Posts: 528
Reply 2 on: Jun 30, 2018
:D TYSM

alexanderhamilton

  • Member
  • Posts: 334
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Did you know?

There are more nerve cells in one human brain than there are stars in the Milky Way.

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.

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

What came frist, the chicken or the egg? What came frist, the chicken or the egg?
An embedded particle of something was found on one of the gears, making this pump worthless except ... An embedded particle of something was found on one of the gears, making this pump worthless except ...
A typical camshaft-driven high-pressure pump used to increase fuel pressure to 2,000 PSI or higher. A typical camshaft-driven high-pressure pump used to increase fuel pressure to 2,000 PSI or higher.
Distillation column with heat pump Distillation column with heat pump
IPCC economic scenarios IPCC economic scenarios
economic question economic question
Video: Digestive chemicals - water, gastric acid, bile & bicarbonate

For a complete list of videos, visit our video library