Which of the following statements are true about both, Ask an Expert

Economics

Which of the following statements are true about both monopolistic competition and monopolies? Select all that apply.

a) Price equals average total cost in the long run.

b) Price is above marginal cost.

c) Firms are not price takers.

d) Firms earn zero profit in the long run.

View complete question

Business Economics, Economics

Category:- Business Economics
Reference No.:- M91406813

Have any Question?Write your Review or question?

Related Questions in Business Economics

Inbspa statistics instructor wants to measure the

I. A statistics instructor wants to measure the effectiveness of his teaching skills in a class of 66 students ( N = 66). He selects students by waiting at the door to the classroom prior to his lecture and pulling asi ...

A courier service advertises that its average delivery time

A courier Service advertises that it's average delivery time is less than six hours for a local deliveries. The random sample of times for 12 deliveries twin I'm just across town. The sample has a mean delivery time of 5 ...

Answer in true or false1 compensation of employees is the

Answer in true or False: 1) Compensation of employees is the largest component of national income. 2) National income is the income that individuals and firms earn from their production.

Coach steroid likes his players to be big fast and obedient

Coach Steroid likes his players to be big, fast, and obedient. If player A is better than player B in two of these three characteristics, Steroid will prefer A to B . Three players try out for quarterback. Wilbur ...

There are 13011 eligible voters in one town in a poll of

There are 13,011 eligible voters in one town. In a poll of 827 eligible voters from this? town, the proportion who say that they plan to vote in the next mayoral election is 0.47. Based on that sample? statistic, what is ...

A researcher is interested in comparing the sample of

A researcher is interested in comparing the sample of inmates' level of impulsivity to the general population's average level. The researcher has both the sample mean (M = 33.49) and the population mean (µ = 31.7) for th ...

Test the following hypotheses of the difference in

Test the following hypotheses of the difference in population means by using the following data (α = .10) H0: µ1- µ2=0, Ha: µ1- µ2 Sample 1 : X=51.3 σ2=52 n=31; Sample 2: X=53.2 σ2=60 n=32 Use the critical value method t ...

What is the 97 confidence interval for a sample of 104 soda

What is the 97% confidence interval for a sample of 104 soda cans that have a mean amount of 15.10 ounces and a standard deviation of 0.08 ounces?

Why is the term asymmetric information in order to

Why is the term asymmetric information in order to understand why some people are better informed than others, and the imbalance in information affects the choices they make and how they deal with one another?

What is the difference between a greenfield investment and

What is the difference between a greenfield investment and an acquisition? Which form of investment is a firm more likely to choose?

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 Business Economics Expert