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

Author Question: For a firm in monopolistic competition, innovation and product development are (Read 146 times)

Redwolflake15

  • Hero Member
  • *****
  • Posts: 569
on: May 24, 2019
For a firm in monopolistic competition, innovation and product development are
◦ senseless because economic profit is always zero in the long run.
◦ necessary in order to have a chance of making at least a short-run economic profit.
◦ inconsequential because each firm produces a different product.
◦ necessary to allow new firms to enter.
◦ uncommon because other firms already produce similar products.
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 Redwolflake15 on May 24, 2019

tkempin

  • Sr. Member
  • ****
  • Posts: 332
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 49% of students answer this correctly


Redwolflake15

  • Hero Member
  • *****
  • Posts: 569
Reply #2 on: May 24, 2019
TY


tkempin

  • Sr. Member
  • ****
  • Posts: 332
Reply #3 on: May 24, 2019
You're welcome


« previous next »
 

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Did you know?

The eye muscles are the most active muscles in the whole body. The external muscles that move the eyes are the strongest muscles in the human body for the job they have to do. They are 100 times more powerful than they need to be.

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

Did you know?

There are more nerve cells in one human brain than there are stars in the Milky Way.

Change in Drawing Abilities from Early to Middle Childhood Drawings become more realistic as fine m Change in Drawing Abilities from Early to Middle Childhood Drawings become more realistic as fine m
Cloud Types: Vertical Development Cloud Types: Vertical Development
Diversity Amid Globalization: World Regions, Environment, Development Diversity Amid Globalization: World Regions, Environment, Development
Embryonic Period - Heart Development Embryonic Period - Heart Development
Development of the Reproductive Systems Development of the Reproductive Systems
Video: Medullary osmotic gradient: countercurrent multiplier, urea recycling & vasa recta countercurrent exchange

For a complete list of videos, visit our video library