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

Author Question: Even though monopolistic competition results in inefficiency, it does have which of the following ... (Read 75 times)

ashley

  • Hero Member
  • *****
  • Posts: 584
on: May 24, 2019
Even though monopolistic competition results in inefficiency, it does have which of the following benefits for society?
◦ Firms make zero economic profit in the long run.
◦ Firms can make an economic profit in the short run.
◦ Product variety benefits consumers.
◦ Marginal cost equals price in the long run.
◦ The premise of the question is incorrect because nothing in monopolistic competition justifies any economic inefficiency.
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 ashley on May 24, 2019

bdobbins

  • Sr. Member
  • ****
  • Posts: 326
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 42% of students answer this correctly


ashley

  • Hero Member
  • *****
  • Posts: 584
Reply #2 on: May 24, 2019
Thank you!


bdobbins

  • Sr. Member
  • ****
  • Posts: 326
Reply #3 on: May 24, 2019
Always glad to help...


« previous next »
 

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

Did you know?

For pediatric patients, intravenous fluids are the most commonly cited products involved in medication errors that are reported to the USP.

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Graphic display of hypothetical results of a predator removal experiment. Graphic display of hypothetical results of a predator removal experiment.
Results of Tracing Methods Results of Tracing Methods
Flow scattergrams showing results on the top set from a healthy donor and on the bottom set from a ... Flow scattergrams showing results on the top set from a healthy donor and on the bottom set from a ...
An electropherogram showing the results of a DNA profile analysis An electropherogram showing the results of a DNA profile analysis
Results of disrupted control of skeletal muscles Results of disrupted control of skeletal muscles
Predictions for the results of mutation of an overlapping and a nonoverlapping genetic code Predictions for the results of mutation of an overlapping and a nonoverlapping genetic code
Video: Covalent bonds - role in the body

For a complete list of videos, visit our video library