Log in
Economics
3
answers
0
watching
240
views

As more firms enter a monopolistically competitive market, the market demand curve _________ and the individual firm's demand curve _________. (1 pt.; CHOOSE ONE)

A. increases; stays the same

B. decreases; decreases

C. stays the same; decreases

D. decreases; stays the same

Watch
3
answers
0
watching
240
views

For unlimited access to Homework Help, a Homework+ subscription is required.

Unlock all answers

Get 1 free homework help answer.
Already have an account? Log in
Share
Already have an account? Log in
Share
Nusrat Fatima
Nusrat FatimaLv10
28 Sep 2019
Already have an account? Log in
Share

Related textbook solutions

Principles of Economics
2nd Edition, 2017
Openstax
ISBN: 9781947172364
Principles of Macroeconomics
2 Edition,
Openstax
ISBN: 9781947172388
Principles of Microeconomics
2 Edition,
Openstax
ISBN: 9781947172340

Related questions

If an unemployed person quits looking for work, ceteris paribus, the unemployment rate:

a. decreases, and the participation rate increases.

b. decreases, and the participation rate decreases.

c. stays the same, and the participation rate decreases.

d. and the labor force participation rate stays the same.

Which of the following illustrates a shift in the demand curve?

a.   When prices remain the same, there is a significant decrease in demand.

b.   As the price is raised, the quantity demanded increases, assuming all else stays the same.

c.   When prices remain the same, there is an increase or decrease in demand.

d.   As the price is lowered, the quantity demanded decreases, assuming all else stays the same.

e.   An internal matter has forced a price change of some type, but it does not impact demand.

a). In oligopoly industries, when one firm increases its output, price ___ (options: Increases; Decreases; Stays the same).

b). This increases the profit of the firm if the ___ (options: Quantity; Price) effect is greater than the ___ (options: Quantity; Price) effect.

c). Since firms will increase output as long as they believe that individual profits will increase:

1). firms will produce a perfectly competitive output.

2). firms will produce more output than is optimal for the industry as a whole.

3). firms will be able to maximize individual profits.

4). firms will produce monopoly output.

Weekly leaderboard

Home
Homework Help 3,900,000
Economics 400,000
Start filling in the gaps now
Log in