« previous next »

Author Question: A monopoly is characterized by all of the following except A) the firm has market power. B) ... (Read 164 times)

clmills979

  • Hero Member
  • *****
  • Posts: 551
on: Jun 29, 2018
A monopoly is characterized by all of the following except
 
  A) the firm has market power.
  B) there are no close substitutes to the firm's product.
  C) there are only a few sellers, each selling a unique product.
  D) entry barriers are high.

Question 2

Refer to Table 12-1. What is the fixed cost of production?
 
  A) 0 B) 500
  C) 1,000 D) It cannot be determined.


Jordin Calloway

  • Sr. Member
  • ****
  • Posts: 334
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Did you know?

Your heart beats over 36 million times a year.

Did you know?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

The Chernobyl, Ukraine, Nuclear Power Plant Disaster The Chernobyl, Ukraine, Nuclear Power Plant Disaster
John Lewis Krimmel’s painting of the Fourth of July in Centre Square Philadelphia (1812) shows the d John Lewis Krimmel’s painting of the Fourth of July in Centre Square Philadelphia (1812) shows the d
Durable power of attorney. Durable power of attorney.
Abdominal thrusts are delivered with a firm thrust into the patient’s abdomen with an upward ... Abdominal thrusts are delivered with a firm thrust into the patient’s abdomen with an upward ...
Stock Market Question Stock Market Question
Use the power rule to find derivative Use the power rule to find derivative
Video: Knee Animation

For a complete list of videos, visit our video library