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 79 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
Wow, this really help


cici

  • Member
  • Posts: 325
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

Fatal fungal infections may be able to resist newer antifungal drugs. Globally, fungal infections are often fatal due to the lack of access to multiple antifungals, which may be required to be utilized in combination. Single antifungals may not be enough to stop a fungal infection from causing the death of a patient.

Did you know?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

For a complete list of videos, visit our video library