The total dollar amount of excise taxes people pay each year depends on ______.

Microsoft's success over Apple although Apple had a technologically superior product is the result of:

a. increasing returns in a network-based business b. Microsoft's economies of scale over a wide range of output c. the revenue sources derived from Microsoft's intellectual property d. superior marketing and promotions e. all of the above

Which of these changes is likely to be witnessed by a monopolistically competitive firm in the long run if it incurs a loss in the short run? a. The demand curve faced by it will become horizontal. b. The market price of its product will increase

c. Its average cost of production will decrease. d. Its marginal cost of production will decrease.