Author Question: In the long run, a monopolistically competitive firm will a. produce a greater variety of goods ... (Read 61 times)

strangeaffliction · **on:** Jun 30, 2018

In the long run, a monopolistically competitive firm will
a. produce a greater variety of goods than do firms in other market structures
b. produce a greater output level than would a perfectly competitive firm
c. produce where price equals average total cost
d. earn an economic profit
e. suffer a loss because of its advertising budget

Question 2

In a direct, majority-rule vote,
a. all voters get what they want
b. a majority of voters get exactly what they want
c. only the median voter is completely satisfied
d. a minority of voters are dissatisfied
e. only the median voter is dissatisfied