Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 13, 2024

Monopolistic competition is an a.efficient market structure because long-run profits are zero. b.efficient market structure because each firm produces at its efficient scale. c.inefficient market

Monopolistic competition is an

a.efficient market structure because long-run profits are zero.

b.efficient market structure because each firm produces at its efficient scale.

c.inefficient market structure because there is deadweight loss.

d.Both a and b are correct

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

Step: 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

Using R For Econometrics

Authors: Florian Heiss

1st Edition

1523285133, 9781523285136

More Books

Students also viewed these Economics questions

Question

★★★★★

Supply the missing amounts for each of the following companies Requirement 1. Prepare the income statement for Fisher Company, for the year ended December 31, 2010. Use the cost-of-goods-sold model...

Answered: 1 week ago

Question

★★★★★

How can we reduce conict?

Answered: 1 week ago

Question

★★★★★

Macy's, Inc., operates about 840 Macy's and Bloomingdale's department stores and furniture galleries in 45 states and U.S. territories as well as Bloomingdale's Outlet stores, macys.com, and...

Answered: 1 week ago

Question

★★★★★

Monopolistic competition is an a.efficient market structure because long-run profits are zero. b.efficient market structure because each firm produces at its efficient scale. c.inefficient market...

Answered: 1 week ago

Question

★★★★★

The comparative balance sheet of Merrick Equipment Co. for December 31, 20Y9 and 20Y8, is as follows: Dec. 31, 20Y9 Dec. 31, 20Y8 Assets Cash $231,740 $216,560 Accounts receivable (net) 83,950 77,780...

Answered: 1 week ago

Question

★★★★★

Amazons database doesn't support very large numbers, so numbers are stored as a string of binary characters, ' O ' and ' 1 ' . Accidentally, a T was entered at some positions. and it is unknown...

Answered: 1 week ago

Question

★★★★★

13. Without using a function, calculate the 5% projection in 2021 using a formula that subtracts the manufacturing cost and the shipping cost from the sales price and then multiplies the result by...

Answered: 1 week ago

Question

★★★★★

An industrial health nurse implements a safe shoe and boot program in a manufscturing organization. Which components are important elements when implementing this program? Select all that apply....

Answered: 1 week ago

Question

★★★★★

The accounts of Anderson Moving Company follow with their normal balances as of August 31, 2024. The accounts are listed in no particular order. E (Click the icon to view the accounts.) Prepare...

Answered: 1 week ago

Question

★★★★★

In this assignment you need to review one of the 2020 reports from Project Management Institute Pulse of the Profession annual global survey of project, program and portfolio managers tracking the...

Answered: 1 week ago

Question

★★★★★

Explain ethical and other considerations for developing visual aids.

Answered: 1 week ago

Question

★★★★★

Prepare and properly label figures and tables for written reports.

Answered: 1 week ago

Question

★★★★★

Select and prepare appropriate visual, audio, or multimedia aids for oral presentations.

Answered: 1 week ago

Previous Question Next Question