Answer to Question #60236 in Economics of Enterprise for Andrew Jackson

Question #60236
7. Which of the following characterizes both perfectly competitive and monopolistically competitive markets?
a. Firms face downward sloping demand curves

b. Firms sell differentiated products
c. Firms use advertising extensively

d. In the long-run equilibrium, firms earn zero economic profit 

9. Coase Theorem claims that the market can internalize externalities provided:
a. Markets are perfectly competitive 

b. Transaction costs are zero, irrespective of how property rights are defined 

c. Property rights are well-defined, irrespective of the transaction costs 

d. Property rights are well-defined and transaction costs are zero 

11. If the nominal interest rate is 10% and the price index rises from 200 to 210, what is the value of the real interest rate?
a. 0%
b. 20%
c. 15%
d. 5%.
Expert's answer
The answer to the question is available in the PDF file

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!


Assignment Expert
02.06.16, 17:13

Dear Andrew Jackson, You're welcome. We are glad to be helpful. If you liked our service please press like-button beside answer field. Thank you!

Andrew Jackson
02.06.16, 16:49

Thanks a lot for replying! Much appreciated :)

Leave a comment

Ask Your question

New on Blog