« previous next »

Author Question: In the long run in monopolistic competition, firms earn zero economic profit. a. True b. ... (Read 88 times)

cagreen833

  • Hero Member
  • *****
  • Posts: 544
on: Jun 30, 2018
In the long run in monopolistic competition, firms earn zero economic profit.
 a. True
  b. False

Question 2

The market demand curve for a public good
 a. is the horizontal sum of all individual demand curves
  b. is the vertical sum of all individual demand curves.
  c. is upward sloping
  d. is horizontal
  e. does not exist


yuyiding

  • Sr. Member
  • ****
  • Posts: 357
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Did you know?

Blood in the urine can be a sign of a kidney stone, glomerulonephritis, or other kidney problems.

Competition in a forest can be as intense as competition on a coral reef. However, much of the compe Competition in a forest can be as intense as competition on a coral reef. However, much of the compe
This Black-browed Albatross has been hooked on a long-line. This Black-browed Albatross has been hooked on a long-line.
Long-Term Potentiation and Long-Term Depression Long-Term Potentiation and Long-Term Depression
Filippo Brunelleschi, Sacrifice of Isaac, competition relief commissioned for the doors of the ... Filippo Brunelleschi, Sacrifice of Isaac, competition relief commissioned for the doors of the ...
economic question economic question
economic question economic question
Video: Conjunctivitis

For a complete list of videos, visit our video library