Question

of monopolistic competition, trade costs between countries will cause quantities sold, e first, a U.S. firm purchases 18% of
0 0
Add a comment Improve this question Transcribed image text
Answer #1

46) (D) different; different; different

Monopolistic competition means that many producers sell products that are different from one another and thus cannot be substituted. So as they are completely different, their quantities, prices and profits will be independent from each other and hence they will be different.

47) (C) FDI outflows, brownfield, greenfield

Add a comment
Know the answer?
Add Answer to:
of monopolistic competition, trade costs between countries will cause quantities sold, e first, a U.S. firm...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • 6. If the relative opportunity costs of producing goods are identical across countries, then there are tary p A. no gains from trade. for t B. gains from trade if trade is based on absolute advan...

    6. If the relative opportunity costs of producing goods are identical across countries, then there are tary p A. no gains from trade. for t B. gains from trade if trade is based on absolute advantage mand C. gains from trade if trade is based on comparative advantage pply D. gains from trade that depend on the degree of competition between intemational traders. nd fo 7. The text lists three reasons why economists and non-economists see the pros and cons...

  • Question: The U.S. market for automobile is produced by Ford (domestic firm in the US) and...

    Question: The U.S. market for automobile is produced by Ford (domestic firm in the US) and Honda (foreign firm in Japan). Suppose that the world consists of only two countries: the U.S. and Japan. The demand curve for automobiles in either country is: Q = 10,000 - P, where Q is the number of cars sold and P is the market price of car. Both Ford and Honda produce at a constant marginal cost of $4,000 per car, and the...

  • Question: The U.S. market for automobile is produced by Ford (domestic firm in the US) and...

    Question: The U.S. market for automobile is produced by Ford (domestic firm in the US) and Honda (foreign firm in Japan). Suppose that the world consists of only two countries: the U.S. and Japan. The demand curve for automobiles in either country is: Q = 10,000 - P, where Q is the number of cars sold and P is the market price of car. Both Ford and Honda produce at a constant marginal cost of $4,000 per car, and the...

  • The U.S. market for automobile is produced by Ford (domestic firm in the US) and Honda...

    The U.S. market for automobile is produced by Ford (domestic firm in the US) and Honda (foreign firm in Japan). Suppose that the world consists of only two countries: the U.S. and Japan. The demand curve for automobiles in either country is: Q = 10,000 - P, where Q is the number of cars sold and P is the market price of car. Both Ford and Honda produce at a constant marginal cost of $4,000 per car, and the two...

  • The U.S. market for automobile is produced by Ford (domestic firm in the US) and Honda...

    The U.S. market for automobile is produced by Ford (domestic firm in the US) and Honda (foreign firm in Japan). Suppose that the world consists of only two countries: the U.S. and Japan. The demand curve for automobiles in either country is: Q = 10,000 - P, where Q is the number of cars sold and P is the market price of car. Both Ford and Honda produce at a constant marginal cost of $4,000 per car, and the two...

  • The U.S. market for automobile is produced by Ford (domestic firm in the US) and Honda...

    The U.S. market for automobile is produced by Ford (domestic firm in the US) and Honda (foreign firm in Japan). Suppose that the world consists of only two countries: the U.S. and Japan. The demand curve for automobiles in either country is: Q = 10,000 - P, where Q is the number of cars sold and P is the market price of car. Both Ford and Honda produce at a constant marginal cost of $4,000 per car, and the two...

  • I ONLY NEED PART (E) PLEASE! On a market with monopolistic competition, a firm meets the...

    I ONLY NEED PART (E) PLEASE! On a market with monopolistic competition, a firm meets the demand Q D = 400 – 4P. The firm’s marginal cost is given by MC = 40 + 2Q. A. Which quantity should the firm produce to maximize its profit? Which is the profit maximizing price on the market? B. Draw a figure that shows the firm’s profit maximizing quantity and price. C. What is the firm’s long-term profit? D. Now instead assume the...

  • I ONLY NEED PART (E) PLEASE! On a market with monopolistic competition, a firm meets the demand Q...

    I ONLY NEED PART (E) PLEASE! On a market with monopolistic competition, a firm meets the demand Q D = 400 – 4P. The firm’s marginal cost is given by MC = 40 + 2Q. A. Which quantity should the firm produce to maximize its profit? Which is the profit maximizing price on the market? B. Draw a figure that shows the firm’s profit maximizing quantity and price. C. What is the firm’s long-term profit? D. Now instead assume the...

  • Balance of Payment Assume the following items were the only transactions that took place between the...

    Balance of Payment Assume the following items were the only transactions that took place between the U.S. and the rest of the world during 2013. Please find the Balance on Merchandise Trade, the Balance on Current Account, the Balance on Capital Account for the U.S. a. A Swiss firm bought $22m worth of US Commercial Paper. b. The Chinese bought $35m worth of U.S. beef. c. Brazilian visitors spent $42m visiting Orlando Theme Parks. d. American investors bought $20m worth...

  • Chapter overview 1. Reasons for international trade Resources reasons Economic reasons Other reasons 2. Difference between...

    Chapter overview 1. Reasons for international trade Resources reasons Economic reasons Other reasons 2. Difference between international trade and domestic trade More complex context More difficult and risky Higher management skills required 3. Basic concept s relating to international trade Visible trade & invisible trade Favorable trade & unfavorable trade General trade system & special trade system Volume of international trade & quantum of international trade Commodity composition of international trade Geographical composition of international trade Degree / ratio of...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT