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Author Question: Which of the following market structures has the highest market concentration? A) A monopoly B) ... (Read 39 times)

Alygatorr01285

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Which of the following market structures has the highest market concentration?
 
  A) A monopoly
  B) An oligopoly with differentiated products
  C) A perfect competition
  D) A monopolistic competition

Question 2

Refer to the scenario above. If the opportunity cost of time increases to 80 per hour, which of the following statements is true?
 
  A) Maria should choose to drive as it saves her 10.
  B) Maria should choose to drive as it saves her 150.
  C) Maria should choose to travel by train as it saves her 10.
  D) Maria should choose to travel by train as it saves her 150.



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Danny Ewald

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Answer to Question 1

A

Answer to Question 2

C




Alygatorr01285

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Reply 2 on: Jun 29, 2018
:D TYSM


mammy1697

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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