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Economics Homework Thirteen Answers - Student Fifteen (view source)

Revision as of 16:43, December 20, 2009

276 bytes added ,  16:43, December 20, 2009
perfect!
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1.
 
1.
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:OK, free skip.
    
2. Free trade.
 
2. Free trade.
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:Correct.
    
3. To prevent the banking system from collapse.
 
3. To prevent the banking system from collapse.
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:Right again.
    
4. Inelastic
 
4. Inelastic
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:Correct!
    
5.P>MC, in a perfectly competitive market P=MC.
 
5.P>MC, in a perfectly competitive market P=MC.
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:Superb.
    
6.
 
6.
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:Free skip.
    
7. There are many competitors in monopolistic competition because of "product differentiation" this allows firms to sell almost the same good as the competitor but under their brand name.
 
7. There are many competitors in monopolistic competition because of "product differentiation" this allows firms to sell almost the same good as the competitor but under their brand name.
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:Excellent.
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:Superb finish.  Perfect in fact.  50/50.  Congratulations on completing all the homework in this very difficult course.--[[User:Aschlafly|Andy Schlafly]] 11:43, 20 December 2009 (EST)
Aschlafly
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