This topic contains a solution. Click here to go to the answer

Author Question: According to Shepherd, the percentage of industries that were effectively competitive in 1988 is ... (Read 88 times)

rmenurse

  • Hero Member
  • *****
  • Posts: 513
According to Shepherd, the percentage of industries that were effectively competitive in 1988 is approximately
 a. 25 percent
  b. 50 percent
  c. 64 percent
  d. 77 percent
  e. 89 percent

Question 2

Resources are efficiently allocated when production occurs at that point at which
 a. marginal cost intersects average variable cost
  b. price is equal to average revenue
  c. price is equal to marginal cost
  d. marginal revenue equals marginal cost
  e. price is equal to average variable cost



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

AaaA

  • Sr. Member
  • ****
  • Posts: 339
Answer to Question 1

D

Answer to Question 2

C




AaaA

  • Sr. Member
  • ****
  • Posts: 339

 

Did you know?

The lipid bilayer is made of phospholipids. They are arranged in a double layer because one of their ends is attracted to water while the other is repelled by water.

Did you know?

Malaria mortality rates are falling. Increased malaria prevention and control measures have greatly improved these rates. Since 2000, malaria mortality rates have fallen globally by 60% among all age groups, and by 65% among children under age 5.

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Did you know?

The first oral chemotherapy drug for colon cancer was approved by FDA in 2001.

Did you know?

Every flu season is different, and even healthy people can get extremely sick from the flu, as well as spread it to others. The flu season can begin as early as October and last as late as May. Every person over six months of age should get an annual flu vaccine. The vaccine cannot cause you to get influenza, but in some seasons, may not be completely able to prevent you from acquiring influenza due to changes in causative viruses. The viruses in the flu shot are killed—there is no way they can give you the flu. Minor side effects include soreness, redness, or swelling where the shot was given. It is possible to develop a slight fever, and body aches, but these are simply signs that the body is responding to the vaccine and making itself ready to fight off the influenza virus should you come in contact with it.

For a complete list of videos, visit our video library