FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!
Question
1 Approved Answer

A monopolistically competitive market could be considered inefficient because a. markup pricing does not occur in any other market structure. b. the efficient scale

image text in transcribed 



A monopolistically competitive market could be considered inefficient because a. markup pricing does not occur in any other market structure. b. the efficient scale of production is only achieved in the long run, not in the short run. O c. price exceeds marginal cost. d. marginal revenue exceeds average revenue.

Step by Step Solution

★★★★★

3.44 Rating (170 Votes )

There are 3 Steps involved in it

Step: 1

The detailed answer for the above question is provided below The correct answer is c price exceeds m... blur-text-image
Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Smith and Roberson Business Law
Smith and Roberson Business Law

Authors: Richard A. Mann, Barry S. Roberts

15th Edition

1285141903, 1285141903, 9781285141909, 978-0538473637

More Books

Students explore these related Economics questions

Question

Using MS Excel , MS Word, and the following information: 1 . Prepare a fixed - variable and over / under pricing structure for the three private fleet opportunities listed below. 2 . Prepare a pro...

Answered: 3 weeks ago

Question

Briefly describe ASCII and Unicode and draw attention to any relationship between them. [3 marks] (b) Briefly explain what a Reader is in the context of reading characters from data. [3 marks] A...

Answered: 3 weeks ago

Question

Read the case study "Southwest Airlines," found in Part 2 of your textbook. Review the "Guide to Case Analysis" found on pp. CA1 - CA11 of your textbook. (This guide follows the last case in the...

Answered: 3 weeks ago

Question

You are supply chain manager for a company Yard-Depot located in Huntsville. You found a drywall sheetrock manufacturing company in South Nevada and signed a deal to buy sheetrock from this company....

Answered: 3 weeks ago

Question

Using Monte Carlo methods, what would be the expected downtime hours because of the lack of an operator for servicing if four operators were assigned to the work situation described in Example 15-3...

Answered: 3 weeks ago

Question

What is supersaturation? Under what conditions does it occur?

Answered: 3 weeks ago

Question

3. Model good problem solvingthink out loud as you work through a difficult problem. A language arts teacher might stop and say, Now let me see if I remember what happened so far, or That was a hard...

Answered: 3 weeks ago

Question

WJTY Company issued $300,000, 11%, 10-year bonds on January 1, 2012, for $318,694. This price resulted in an effective-interest rate of 10% on the bonds. Interest is payable semiannually on July 1...

Answered: 3 weeks ago

Question

If total liabilities decreased by $44,000 during a period of time and stockholders' equity increased by $70,000 during the same period, the amount and direction (increase or decrease) of the period's...

Answered: 3 weeks ago

Question

1. The endpoints of the bottom side of a parallelogram are at A(2, 1) and B(10, 7). The other two sides both have slope 3, and length 5 cm. (a) (2 points) Provide a very neat and accurate sketch this...

Answered: 3 weeks ago

Question

A firm requires an investment of $18,000 and will return $26,500 after one year. If the firm borrows $5,000 at 8% what is the return on levered equity? A. 74.8% B. 62.3% C. 87.2% D. 49.8%

Answered: 3 weeks ago

Question

What is job enlargement ?

Answered: 3 weeks ago

Question

What is the primary risk factors associated with ectopic pregnancy ?

Answered: 3 weeks ago

Question

what is the most common cause of preterm birth in twin pregnancies?

Answered: 3 weeks ago

Question

Which diagnostic test is most commonly used to confirm PROM?

Answered: 3 weeks ago

Question

What is the hallmark clinical feature of a molar pregnancy?

Answered: 3 weeks ago

Question

At the beginning of 2014, Florida Rock Industries had 25,000 shares of common stock issued and outstanding and 500 $1,000, 6% bonds, each convertible into 10 shares of common stock. During 2014,...

Answered: 3 weeks ago

Question

Under what conditions is the following SQL statement valid?

Answered: 3 weeks ago

Question

In 2002, Roy Martin and his wife, Alice, their son, Hiram, and Hirams wife, Myrna acquired title to a 240-acre farm. The deed ran to Roy Martin and Alice Martin, the father and mother, as joint...

Answered: 3 weeks ago

Question

The MacGilvray Shiras was a ship owned by the Kinsman Transit Company. During the winter months, when Lake Erie was frozen, the ship and others moored at docks on the Buffalo River. As oftentimes...

Answered: 3 weeks ago

Question

Under the Americans with Disabilities Act of 1990 (ADA or Act), [citation], a physical impairment that substantially limits one or more * * * major life activities is a disability. [Citation.]...

Answered: 3 weeks ago

Question

Julia pays $500 for an insurance policy with an expected value of $120. Explain why this is a rational choice for Julia.

Answered: 3 weeks ago

Question

Colton has a choice between $100 today and $150 in three months. Farah has a choice between $100 today and $125 in three months. Colton chooses $100 today. Farah chooses $125 in three months. Explain...

Answered: 3 weeks ago

Question

BackPedal is a bike-rental shop that rents bicycles, helmets, and other gear by the day. a. BackPedal offers an optional helmet rental for $10/day with the rental of a bicycle. To his surprise, the...

Answered: 3 weeks ago

Previous Question Next Question