Economics Homework Thirteen Answers - Student Fifteen

IsaacZ

1\.

OK, free skip.

2\. Free trade.

Correct.

3\. To prevent the banking system from collapse.

Right again.

4\. Inelastic

Correct!

5.P>MC, in a perfectly competitive market P=MC.

Superb.

6\.

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.

Excellent.

Superb finish. Perfect in fact. 50/50. Congratulations on completing all the homework in this very difficult course.--Andy Schlafly 11:43, 20 December 2009 (EST)