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

Author Question: If a monopolistically competitive firm raises its price, it a. loses all of its customers (sales ... (Read 45 times)

Sufayan.ah

  • Hero Member
  • *****
  • Posts: 512
on: Jun 30, 2018
If a monopolistically competitive firm raises its price, it
 a. loses all of its customers (sales drop to zero)
  b. loses some, but not all, of its customers
  c. loses very few customers
  d. loses no customers at all
  e. gains customers (sales increase)

Question 2

A private firm that sustains a financial loss because of an antitrust violation may be able to recover three times the actual damages.
 a. True
  b. False


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

TDubDCFL

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

B

Answer to Question 2

A


Sufayan.ah

  • Hero Member
  • *****
  • Posts: 512
Reply #2 on: Jun 30, 2018
Thank you :)


TDubDCFL

  • Sr. Member
  • ****
  • Posts: 357
Reply #3 on: Jun 30, 2018
Happy to help you


« previous next »
 

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

Did you know?

Street names for barbiturates include reds, red devils, yellow jackets, blue heavens, Christmas trees, and rainbows. They are commonly referred to as downers.

Did you know?

Vaccines cause herd immunity. If the majority of people in a community have been vaccinated against a disease, an unvaccinated person is less likely to get the disease since others are less likely to become sick from it and spread the disease.

A mother dies, a father loses his leg—such calamities shattered poor urban families. Orphaned street A mother dies, a father loses his leg—such calamities shattered poor urban families. Orphaned street
Effects of competitive inhibition on enzyme kinetics Effects of competitive inhibition on enzyme kinetics
A substrate and its competitive inhibitor A substrate and its competitive inhibitor
Price of Computers, 1982–2010 Price of Computers, 1982–2010
Competitive firms and maximization Competitive firms and maximization
Sonal bought a coat for $198.88, which included 8% PST and 5% GST. What was the selling price ... Sonal bought a coat for $198.88, which included 8% PST and 5% GST. What was the selling price ...
Video: Darwin's Observation (Fossils, Galapagos Islands & Africa ) and Natural Selection (Adaptive Traits)

For a complete list of videos, visit our video library