This topic contains a solution. Click here to go to the answer

Author Question: Because of easy entry, monopolistically competitive firms will a. produce at the lowest average ... (Read 78 times)

joesmith1212

  • Hero Member
  • *****
  • Posts: 549
Because of easy entry, monopolistically competitive firms will
 a. produce at the lowest average total cost
  b. charge a price equal to marginal cost
  c. earn no economic profit in the long run
  d. take advantage of all economies of scale
  e. earn no economic profit in the short run

Question 2

Direct majority-rule voting is a form of coercion in the sense that
 a. all citizens must vote
  b. all registered voters must vote
  c. the median voter's preferences determine the outcome for everyone
  d. the majority gets exactly what they want, but the minority does not.
  e. individuals with higher incomes get more votes



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jaygar71

  • Sr. Member
  • ****
  • Posts: 323
Answer to Question 1

C

Answer to Question 2

C




joesmith1212

  • Member
  • Posts: 549
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)


amynguyen1221

  • Member
  • Posts: 355
Reply 3 on: Yesterday
Excellent

 

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

For a complete list of videos, visit our video library