举一反三
- If firms in an industry enjoy positive profits, other firms would like to enter this market.
- Which of the following characteristics is common to monopolistic competition and perfect competition? A: Firms produce identical products. B: Entry barriers into the industry are low. C: Each firm faces a downward-sloping demand curve. D: Firms take market prices as given.
- In perfect competition, ________. A: there are restrictions on entry into the market B: firms in the market have advantages over firms that plan to enter the market C: only firms know their competitors' prices D: there are many firms that sell identical products
- How can firms promote ethical behavior among their employees?
- Because economic profits are eliminated in the long run in monopolistic competition, to make an economic profit, firms continuously develop and market new products。(<br/>)
内容
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Translate: By specializing in what they do best it can make more profits at lower prices.
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In monopolistically competitive markets, free entry and exit suggests that A: the market structure will eventually be characterized by perfect competition in the long run. B: all firms earn zero economic profits in the long run. C: some firms will be able to earn economic profits in the long run. D: some firms will be forced to incur economic losses in the long run.
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Prices of daily goods ___________ through a computer can be lower than store prices.
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中国大学MOOC: Many economists believe that advertising helps increase competition, _______ leads to lower prices, thus benefiting consumers and the economy as a whole.
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Prices of daily goods ________ through a computer can be lower than store prices A: which are bought B: bought C: been bought D: buying