This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The automobile, breakfast cereal, and tobacco industries are examples of a. monopolistic ... (Read 151 times)

big1devin

  • Hero Member
  • *****
  • Posts: 583
on: Jun 30, 2018
The automobile, breakfast cereal, and tobacco industries are examples of
 a. monopolistic competition
  b. oligopoly
  c. perfect competition
  d. monopoly
  e. monopsony

Question 2

If a market is initially operating competitively and then the government imposes a price floor above the equilibrium price,
 a. there will be more resources will be devoted to the production of this product
  b. quantity demanded will rise
  c. producer surplus will fall in the short run
  d. imposition of the floor is probably a positive-sum game
  e. consumer surplus will fall


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

momolu

  • Sr. Member
  • ****
  • Posts: 320
Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

E


big1devin

  • Member
  • Posts: 583
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

cassie_ragen

  • Member
  • Posts: 347
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Examples of cell-to-cell communication based on the distance between cells Examples of cell-to-cell communication based on the distance between cells
Examples of herpes zoster. Examples of herpes zoster.
The Six Major Divisions of Biopsychology, with Examples of How They Have Approached the Study of ... The Six Major Divisions of Biopsychology, with Examples of How They Have Approached the Study of ...
Examples of Basic-Level, Subordinate, and Superordinate Concepts Examples of Basic-Level, Subordinate, and Superordinate Concepts
Categories and Examples of Hormones Categories and Examples of Hormones
Examples of the action of chemical mutagen Examples of the action of chemical mutagen
Video: Kidney Stones

For a complete list of videos, visit our video library