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

Author Question: When a firm maximizes its profit, which of the following is correct for firms in monopolistic ... (Read 66 times)

hubes95

  • Hero Member
  • *****
  • Posts: 561
on: May 24, 2019
When a firm maximizes its profit, which of the following is correct for firms in monopolistic competition and perfect competition?
◦ P = MC for both types of firms.
◦ P = MR = MC for firms in perfect competition, and P > MR = MC for firms in monopolistic competition.
◦ MR = MC for firms in perfect competition and MR > MC for firms in monopolistic competition.
◦ P > MR = MC for firms in both perfect competition and monopolistic competition.
◦ P = ATC always for firms in both perfect competition and monopolistic competition.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by hubes95 on May 24, 2019

Amiracle

  • Sr. Member
  • ****
  • Posts: 334
Reply #1 on: May 24, 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 39% of students answer this correctly


hubes95

  • Member
  • Posts: 561
Reply 2 on: May 24, 2019
Gracias!

mjenn52

  • Member
  • Posts: 351
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

Did you know?

The FDA recognizes 118 routes of administration.

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?

Nearly 31 million adults in America have a total cholesterol level that is more than 240 mg per dL.

A pharmacist can explain to a patient why medication may look different and ensure the correct ... A pharmacist can explain to a patient why medication may look different and ensure the correct ...
Abdominal thrusts are delivered with a firm thrust into the patient’s abdomen with an upward ... Abdominal thrusts are delivered with a firm thrust into the patient’s abdomen with an upward ...
Correct alignment for stacking the joints to apply thumb pressure to acupoints. Correct alignment for stacking the joints to apply thumb pressure to acupoints.
Profit-maximizing Chart Profit-maximizing Chart
Firm handshake Firm handshake
The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ... The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ...
Video: Introduction to Macular Degeneration

For a complete list of videos, visit our video library