Author Question: Under ________ there are many firms selling identical products. A) perfect competition B) ... (Read 91 times)

maegan_martin

  • Hero Member
  • *****
  • Posts: 532
Under ________ there are many firms selling identical products.
 
  A) perfect competition
  B) monopolistic competition
  C) oligopoly
  D) monopoly

Question 2

Free riding
 
  A) is possible if the consumption of a good is characterized by excludability.
  B) is possible if the consumption of a good is characterized by nonexcludability.
  C) is characteristic of private goods.
  D) occurs when consumers pay too much for services provided by government.



wfdfwc23

  • Sr. Member
  • ****
  • Posts: 338
Answer to Question 1

A

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

The top 10 most important tips that will help you grow old gracefully include (1) quit smoking, (2) keep your weight down, (3) take supplements, (4) skip a meal each day or fast 1 day per week, (5) get a pet, (6) get medical help for chronic pain, (7) walk regularly, (8) reduce arguments, (9) put live plants in your living space, and (10) do some weight training.

For a complete list of videos, visit our video library