(Answered) Critically evaluate and explaina in monopolistically

Academics

Critically evaluate and explain:

a. In monopolistically competitive industries, economic profits are competed away in the long run; hence, there is no valid reason to criticize the performance and efficiency of such industries.

b. In the long run, monopolistic competition leads to a monopolistic price but not to monopolistic profits.

View complete question

Biology, Academics

Category:- Biology
Reference No.:- M92679184
Price:- $10

Verified Expert

Priced at $20 Now at $10, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Biology

Describe the form of endocytosis that involves the movement

Describe the form of endocytosis that involves the movement of large amount of liquid into the cell.

A cross between a person with straight hair and a person

A cross between a person with straight hair and a person with curly hair will produce a child with wavy hair. If 2 people with wavy hair had a child, what are the odds that the child would have straight hair?

2croh3nbspnbsp3br2 10oh-6br-nbspnbsp2cro42- 8h2oin the

2Cr(OH) 3 + 3Br 2 + 10OH - 6Br - + 2CrO 4 2- + 8H 2 O In the above redox reaction, use oxidation numbers to identify the element oxidized, the element reduced, the oxidizing agent and the reducing agent.

Do polynucleotides make the proteins dna polymerase 1 dna

Do polynucleotides make the proteins DNA polymerase 1, DNA Polymerase 3, Helicase, SSB proteins, ligase and Primase?

I am having trouble identifying if my buffer solution is a

I am having trouble identifying if my buffer solution is a weak acid and salt....or weak base and salt. Often my questions just give me then names of two molecules and I do not understand how to differentiate. For exampl ...

If you diluted 1 ml of a sample into 9 ml of water then

If you diluted 1 ml of a sample into 9 ml of water, then took 1 ml of that and diluted into another 9 ml of water, and did that another two times, what is fold the dilution factor?

Is it possible to increase the temperature of a gas in a

Is it possible to increase the temperature of a gas in a cylinder without any energy addition as heat? Explain your answer using the first law of thermodynamics.

Lab assignment -for this assignment you need to document

Lab Assignment - For this assignment you need to document the anatomy you see in the grass frog dissection. USE THE NAME SECTION TASEW GIRMA. Experiment 1: Owl Pellet Dissection 1) Include a photograph to accompany your ...

Is the iso-osmotic point different for different solutes

Is the iso-osmotic point different for different solutes? Please specify in what ways can the iso-osmotic points be different and why there is a difference.

A how are chromosomes positioned on the metaphase

a. How are chromosomes positioned on the metaphase plate in metaphase 1 of meiosis? b. Is this different from metaphase in mitosis? If so, how?

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Biology Expert