Top Posters
Since Sunday
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
r
4
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
Retnec Retnec
wrote...
Go to Answer
Posts: 1082
Rep: 5 0
6 years ago
One reason that monopolistically competitive firms probably charge higher prices than comparable purely competitive firms is because
A) monopolistically competitive industries tend to be overcrowded, preventing firms from operating efficiently.
B) monopolistically competitive firms are protected by barriers to entry, while competitive firms are not.
C) monopolistically competitive firms tend to hire less efficient personnel than competitive firms.
D) monopolistically competitive firms operate where MR = MC, while competitive firms do not.
E) monopolistically competitive firms always charge the highest possible price, while competitive firms do not.
Textbook 
Introduction to Economic Reasoning

Introduction to Economic Reasoning


Edition: 8th
Author:
Read 47 times
2 Replies
Replies
Answer verified by a subject expert
VilaVila
wrote...
#1
Top Poster
Posts: 684
Rep: 8 0
6 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

Retnec Author
wrote...
#2
6 years ago
My exam's next week!

Perfect timing
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1190 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 818
  
 255
  
 268