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

Author Question: A profit-maximizing firm in monopolistic competition should shut down in the short run a. if ... (Read 109 times)

jparksx

  • Hero Member
  • *****
  • Posts: 570
on: Jun 30, 2018
A profit-maximizing firm in monopolistic competition should shut down in the short run
 a. if marginal revenue is less than price
  b. if price is always less than average total cost
  c. if price is always less than average fixed cost
  d. if price is always less than average variable cost
  e. under no circumstances

Question 2

A good that is neither rival nor exclusive is called
 a. a private good
  b. a public good
  c. a quasi-private good
  d. an external good
  e. an open access good


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

SomethingSomething

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

B


jparksx

  • Member
  • Posts: 570
Reply 2 on: Jun 30, 2018
Wow, this really help

flexer1n1

  • Member
  • Posts: 373
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

The heart is located in the center of the chest, with part of it tipped slightly so that it taps against the left side of the chest.

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

The training of an anesthesiologist typically requires four years of college, 4 years of medical school, 1 year of internship, and 3 years of residency.

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

A stallion with a proven competition record is one criterion for being a suitable sire. A stallion with a proven competition record is one criterion for being a suitable sire.
J. P. Morgan, the financial genius, staved off ruinous competition among steel firms by combining mo J. P. Morgan, the financial genius, staved off ruinous competition among steel firms by combining mo
To measure fuel-injector resistance, a technician constructed a short wiring harness with a double ... To measure fuel-injector resistance, a technician constructed a short wiring harness with a double ...
Gently squeeze/milk the arm with twisting motion. With oil or lotion on hands, use gentle but firm ... Gently squeeze/milk the arm with twisting motion. With oil or lotion on hands, use gentle but firm ...
Short-wavelength flux is reflected by Earth Short-wavelength flux is reflected by Earth
Short form of amino acids Short form of amino acids
Video: Stroke volume - contractility definition

For a complete list of videos, visit our video library