A market structure in which many firms are selling an identical ...

[justinmsk]

A market structure in which many firms are selling an identical product is called
 
  A) perfect competition.
  B) monopolistic competition.
  C) oligopoly.
  D) monopoly.

Question 2

The table above gives costs at Jan's Bike Shop. Unfortunately, Jan's record keeping has been spotty. Each worker is paid 100 a day. Labor costs are the only variable costs of production. What is the total variable cost of producing 60 bikes?
 
  A) 200
  B) 300
  C) 400
  D) 500

[juiceman1987]

Answer to Question 1

A

Answer to Question 2

B

[justinmsk]

Thanks for the timely response, appreciate it

[kusterl]

Great answer, keep it coming