« previous next »

Author Question: In the scenario above, the market is A) a natural duopoly. B) a natural oligopoly with three ... (Read 18 times)

lak

  • Hero Member
  • *****
  • Posts: 546
on: Jun 29, 2018
In the scenario above, the market is
 
  A) a natural duopoly.
  B) a natural oligopoly with three firms.
  C) a natural monopoly.
  D) monopolistically competitive.

Question 2

The figure illustrates the market for bagels. If the number of bagels is increased from 20 to 30 an hour, consumer surplus plus producer surplus ________ and deadweight loss is ________.
 
  A) decreases; negative
  B) decreases; positive
  C) increases; positive
  D) increases; negative


macagn

  • Sr. Member
  • ****
  • Posts: 345
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Did you know?

The human body produces and destroys 15 million blood cells every second.

Did you know?

Street names for barbiturates include reds, red devils, yellow jackets, blue heavens, Christmas trees, and rainbows. They are commonly referred to as downers.

Did you know?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

A possible “RNA world” scenario A possible “RNA world” scenario
Oil and Natural Gas Transportation Oil and Natural Gas Transportation
When a Tornado Strikes: Social Organization Following a Natural Disaster When a Tornado Strikes: Social Organization Following a Natural Disaster
When a Tornado Strikes: Social Organization Following a Natural Disaster When a Tornado Strikes: Social Organization Following a Natural Disaster
Earth scientists have devised a scheme to divide the planet’s natural history into distinct time ... Earth scientists have devised a scheme to divide the planet’s natural history into distinct time ...
Video: Polymerase chain reaction PCR - Animation

For a complete list of videos, visit our video library