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Author Question: A monopolistically competitive firm can raise price somewhat due to a. product differentiation b. ... (Read 135 times)

HudsonKB16

  • Hero Member
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  • Posts: 535
on: Jun 30, 2018
A monopolistically competitive firm can raise price somewhat due to
 a. product differentiation
  b. barriers to entry
  c. product similarity
  d. its homogeneous product
  e. high tariffs

Question 2

As imports rose in 13 major industries studied by Shepherd, these U.S. producers, finding themselves at a cost and quality disadvantage relative to imported goods, initially responded by
 a. improving technology
  b. exiting the industry
  c. seeking trade barriers
  d. asking that quotas and tariffs be removed
  e. raising prices to recoup their losses


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emsimon14

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Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

C


HudsonKB16

  • Member
  • Posts: 535
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

ktidd

  • Member
  • Posts: 319
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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