1 Need 3 answers, please!Compared to the long run perfectly competitive marketoutcome, the long run monopolistic competition marketoutcome hasOa. the same quantity, the same price, and a zero economicprofitO b. a lower quantity, a higher price, and makes a zeroeconomic profitO c. a higher quantity, a higher price, and makes positiveeconomic profitO d. the same quantity, the same price and a positiveeconomic profitShow Transcribed TextWhich of the following is least likely to result in adverseselection?O a. Finding a date on an internet dating siteOb. Buying bottled water from a supermarketO c.Buying a used carO d. Buying health insuranceShow Transcribed TextWhen parties to a contract alter their behaviour as a result of thecontract it is calledO a. adverse selectionO b.externalitiesО с.cartelsO d. moral hazard

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Compared to the long run perfectly competitive market outcome, the long run monopolistic competition market outcome has O a. the same quantity, the same price, and a zero economic profit O b. a lower quantity, a higher price, and makes a zero economic profit Oc a higher quantity, a higher price, and makes positive economic profit O d. the same quantity, the same price and a positive economic profit

Compared to the long run perfectly competitive market outcome, the long run monopolistic competition market outcome has O a. the same quantity, the same price, and a zero economic profit O b. a lower quantity, a higher price, and makes a zero economic profit Oc a higher quantity, a higher price, and makes positive economic profit O d. the same quantity, the same price and a positive economic profit

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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