In the long run in monopolistic competition _____. a) most fi rms make a profit b) the
Question:
In the long run in monopolistic competition _____.
a) most fi rms make a profit
b) the absence of entry barriers ensures that there are no profits
c) economies of scale ensure that there are no profits
d) most firms lose money.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
In monopolistic competition in the long run a most firms ...View the full answer
Answered By
Somshukla Chakraborty
I have a teaching experience of more than 4 years by now in diverse subjects like History,Geography,Political Science,Sociology,Business Enterprise,Economics,Environmental Management etc.I teach students from classes 9-12 and undergraduate students.I boards I handle are IB,IGCSE, state boards,ICSE, CBSE.I am passionate about teaching.Full satisfaction of the students is my main goal.
I have completed my graduation and master's in history from Jadavpur University Kolkata,India in 2012 and I have completed my B.Ed from the same University in 2013. I have taught in a reputed school of Kolkata (subjects-History,Geography,Civics,Political Science) from 2014-2016.I worked as a guest lecturer of history in a college of Kolkata for 2 years teaching students of 1st ,2nd and 3rd year. I taught Ancient and Modern Indian history there.I have taught in another school in Mohali,Punjab teaching students from classes 9-12.Presently I am working as an online tutor with concept tutors,Bangalore,India(Carve Niche Pvt.Ltd.) for the last 1year and also have been appointed as an online history tutor by Course Hero(California,U.S) and Vidyalai.com(Chennai,India).
4.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
CANMNMM January of this year. (a) Each item will be held in a record. Describe all the data structures that must refer to these records to implement the required functionality. Describe all the...
-
1. In the classical model, it is thought that the long-run: A. and short-run aggregate supply curves are both upward sloping. B. aggregate supply curve is vertical and the short-run aggregate supply...
-
Analyze how the five forces define an industrys structure and shape the nature of competitive interactions within an industry. Understanding the competitive forces, and their underlying causes,...
-
Beginning from rest, an object of mass 200 kg slides down a 10-m-long ramp, the ramp is inclined at an angle of 40 from the horizontal. If air resistance and friction between the object and the ramp...
-
Explain why the Greece credit crisis can cause contagion effects throughout Europe.
-
In problem the given differential equation is model of an undamped spring/mass system in which the restoring force F(x) in (1) is nonlinear. For each equation use a numerical solver to plot the...
-
1. Which normal curve has a greater mean? 2. Which normal curve has a greater standard deviation?
-
As part of a heat treatment process cylindrical, 304 stainless steel rods of 100-mm diameter are cooled from an initial temperature of 500C by suspending them in an oil bath at 30e. If a convection...
-
AMP Corporation (calendar-year-end) has 2020 taxable income of $1,900,000 for purposes of computing the 179 expense. During 2020, AMP acquired the following assets: (Use MACRS Table 1, Table 2, Table...
-
Which statement is true? a) Most firms in the United States are monopolistic competitors. b) Most firms in the United States are perfect competitors. c) Most consumers would prefer lower prices and...
-
Each of the following is an example of price discrimination except ________. a) airline youthfares b) higher-price movie tickets after 5:00 p.m. and on weekends c) doctors charging more to patients...
-
Determine convergence or divergence using any method covered in the text so far. 00 n=1 n n!
-
On October 2, 2025, Wildhorse Company sold $6,340 of its elite camping gear (with a cost of $3,700) to Indigo Outfitters. As part of the sales agreement, Wildhorse includes a provision that if Indigo...
-
John, an investment adviser, tells Lisa that if she's willing to invest the amount of $ 1 0 0 today, he can increase this investment by 3 times in 7 years. What annual rate of return is John...
-
(2.) Sketch a possible graph of each function. a) f(x) = -(x-4) (x - 1)(x + 5) b) g(x) = x(x-6) 3. Each member of a family of quadratic functions has zeros at x = -1 and x = 4. a) Write the equation...
-
Statement of Facts Jennifer Wilson (age 47) has hired you to help her plan for her future retirement She plans to retire in 20 years when she will be 67 and live to age 100 (33 years in retirement)...
-
Pacifica Industrial Products Corporation makes two products, Product H and Product L. Product H is expected to sell 41,000 units next year and Product L is expected to sell 8,200 units. A unit of...
-
The following summary data are provided for Spencer Mercantile Corporation and James Service, Inc. During the year for which these data are reported, Spencer sold 50,000 units and James sold 100,000...
-
The slopes of the tangents at the points where the curve y = x2 - 4x intersects the X-axis is 1) 1 2) +2 3) +3 4) +4
-
In the Philippines, rice production is lower than rice consumption, resulting in a need to import rice from other countries. In this situation, the Philippine government might consider subsidizing...
-
Suppose the government imposes a price ceiling on gasoline. One month after the price ceiling, there is a shortage of gasoline, but it is much smaller than critics of the policy had warned. Explain...
-
A subsidy will increase consumer and producer surplus in a market and will increase the quantity of trades. Why, then, might a subsidy (such as a subsidy for producing corn in the United States) be...
-
Discuss the aims of sentencing - punishment, rehabilitation, reparation, deterrent. (individual and general)
-
How can technology and innovation be leveraged to support sustainable whale watching practices and enhance the visitor experience
-
What happened in this case and how does it concern mandatory arbitration? What are the pros and cons of force arbitration provisions? Do you agree with the Al Franken amendment? If you were starting...
Study smarter with the SolutionInn App