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

Author Question: A firm in monopolistic competition is similar to a firm in perfect competition because they both (Read 172 times)

Mr.Thesaxman

  • Hero Member
  • *****
  • Posts: 514
on: May 24, 2019
A firm in monopolistic competition is similar to a firm in perfect competition because they both
◦ can make only zero economic profit in the long run.
◦ can make only zero economic profit in the short run.
◦ maximize their profits by producing where P = MR = MC.
◦ Both answers can make only zero economic profit in the long run and maximize their profits by producing where P = MR = MC are correct.
◦ Both answers can make only zero economic profit in the short run and maximize their profits by producing where P = MR = MC are correct.
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 Mr.Thesaxman on May 24, 2019

mjbamaung

  • Sr. Member
  • ****
  • Posts: 343
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 25% of students answer this correctly


Mr.Thesaxman

  • Hero Member
  • *****
  • Posts: 514
Reply #2 on: May 24, 2019
Excellent


mjbamaung

  • Sr. Member
  • ****
  • Posts: 343
Reply #3 on: May 24, 2019
Great! Please up vote :D


« previous next »
 

Did you know?

Sildenafil (Viagra®) has two actions that may be of consequence in patients with heart disease. It can lower the blood pressure, and it can interact with nitrates. It should never be used in patients who are taking nitrates.

Did you know?

Your chance of developing a kidney stone is 1 in 10. In recent years, approximately 3.7 million people in the United States were diagnosed with a kidney disease.

Did you know?

About 600,000 particles of skin are shed every hour by each human. If you live to age 70 years, you have shed 105 pounds of dead skin.

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?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Similar traits may not be homologous Similar traits may not be homologous
Proportions of the genetic and physical maps are similar but not identical Proportions of the genetic and physical maps are similar but not identical
In the box on upward social mobility on page 82, we discussed how Latinos face a similar situation. ... In the box on upward social mobility on page 82, we discussed how Latinos face a similar situation. ...
Basic two-handed kneading. Tissues are lifted with the whole hand in firm contact. Basic two-handed kneading. Tissues are lifted with the whole hand in firm contact.
Similar Fossils on Different Continents Similar Fossils on Different Continents
Perfect Circles Perfect Circles
Video: Wound Repair Animation

For a complete list of videos, visit our video library