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

Author Question: Which of the following is a defining characteristic of a perfectly competitive market? A) ... (Read 58 times)

jrubin

  • Hero Member
  • *****
  • Posts: 552
on: Jun 29, 2018
Which of the following is a defining characteristic of a perfectly competitive market?
 
  A) advertisements by well-known celebrities
  B) persistent economic profits in the long run
  C) no restrictions on entry into the industry
  D) higher prices being charged for certain name brands

Question 2

Lowering the tariff on imported ethanol
 
  A) increases domestic employment in the ethanol industry.
  B) increases the imports of ethanol.
  C) increases the domestic price of ethanol.
  D) has no effect unless the nation's trading partner also lowers its tariff on ethanol.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

phuda

  • Sr. Member
  • ****
  • Posts: 348
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

B


jrubin

  • Member
  • Posts: 552
Reply 2 on: Jun 29, 2018
Wow, this really help

gcook

  • Member
  • Posts: 343
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

Did you know?

Though newer “smart” infusion pumps are increasingly becoming more sophisticated, they cannot prevent all programming and administration errors. Health care professionals that use smart infusion pumps must still practice the rights of medication administration and have other professionals double-check all high-risk infusions.

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

Hartmann's mountain zebra resting, showing its characteristic essentially unbarred belly Hartmann's mountain zebra resting, showing its characteristic essentially unbarred belly
competitive inhibition competitive inhibition
Non-competitive inhibition Non-competitive inhibition
Eye ball perfectly labelled (map) Eye ball perfectly labelled (map)
A Receiver-Operating-Characteristic (ROC) Curve A Receiver-Operating-Characteristic (ROC) Curve
Chromatin fibers characteristic of the interphase nucleus Chromatin fibers characteristic of the interphase nucleus
Video: Ear Animation

For a complete list of videos, visit our video library