A monopolistically competitive firm is currently earning a positive economic profit. If other firms enter the market, we would expect that the added competition will cause this firm to adjust its output such that it(A) will no longer be at its efficient scale.(B) might move either closer to or further from its efficient scale.(C) will operate further from its efficient scale.(D) will operate closer to its efficient scale.
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Classify each of the following items as a public good, a private good, a natural monopoly good, or a common resource.(a) measles vaccinations (b) tuna in the pacific ocean (c) airline service in the united states (d) local storm-water system
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What is an equation of the line in slope intercept formm = 4 and the y-intercept is (0,5)y = 4x-5y = -5x +4y = 4x + 5y = 5x +4
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Which of the following is usually not one of the top considerations in choosing a country for a facility location? a. availability of labor and labor productivityb. attitude of governmental unitsc. location of marketsd. zoning regulationse. exchange rates
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Rare beef roasts can be cooked to what internal temperature? a) 120°f b) 130°f c) 145°f d) 155°f
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A monopolistically competitive firm is currently earning a positive economic profit. If other firms...
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