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

Author Question: Compared to a monopolistically competitive firm having the same cost curves, a perfectly competitive ... (Read 95 times)

jerry coleman

  • Hero Member
  • *****
  • Posts: 570
on: Apr 19, 2019

Question 1

Monopolies can earn positive economic profits in the long run while monopolistically competitive firms cannot due to


◦ economies of scale in monopolies but not in monopolistic competition.
◦ barriers to entry in monopoly but not in monopolistic competition.
◦ market power of monopolies while monopolistically competitive firms have no market power.
◦ the less elastic demand faced by monopolies as compared to monopolistically competitive firms.

Question 2

Compared to a monopolistically competitive firm having the same cost curves, a perfectly competitive firm produces ________ output and charges a ________ price.


◦ less; higher
◦ more; lower
◦ less; lower
◦ more; higher
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by jerry coleman on Apr 19, 2019

robbielu01

  • Sr. Member
  • ****
  • Posts: 336
Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 35% of students answer this correctly


jerry coleman

  • Member
  • Posts: 570
Reply 2 on: Apr 19, 2019
YES! Correct, THANKS for helping me on my review

Animal_Goddess

  • Member
  • Posts: 339
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

Did you know?

Green tea is able to stop the scent of garlic or onion from causing bad breath.

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

Did you know?

The FDA recognizes 118 routes of administration.

Elle and associates investigated the cost to Datura wrightii of producing sticky leaf trichomes. Elle and associates investigated the cost to Datura wrightii of producing sticky leaf trichomes.
Competitive inhibition Competitive inhibition
Human photopic (cone) and scotopic (rod) spectral sensitivity curves. The peak of each curve has ... Human photopic (cone) and scotopic (rod) spectral sensitivity curves. The peak of each curve has ...
Liquid Water Properties compared with n-pentane, nonpolar, non-hydrogen bonding liquid Liquid Water Properties compared with n-pentane, nonpolar, non-hydrogen bonding liquid
Two Kinds of Forgetting Curves Two Kinds of Forgetting Curves
Survivorship curves. Blue lines are theoretical curves. Red dots are data from field studies. Survivorship curves. Blue lines are theoretical curves. Red dots are data from field studies.
Video: Enzyme structure - Properties of enzymes

For a complete list of videos, visit our video library