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

Author Question: Which of the following is characteristic of monopolistically competitive industries? a. Product ... (Read 34 times)

abarnes

  • Hero Member
  • *****
  • Posts: 556
on: Jun 30, 2018
Which of the following is characteristic of monopolistically competitive industries?
 a. Product differentiation.
 b. A substantial likelihood of collusion.
 c. Relatively small market shares of each producer.
 d. Both (a) and (c) are characteristics of monopolistically competitive industries.

Question 2

Which of the following is true of property rights?
 a. They are rights to use a public good without paying for it.
  b. They usually specify the owner's alternatives.
  c. The are associated with the exchange of commodities but not services.
  d. They are often open-ended and do not exhaustively specify the owner's alternatives.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

kalskdjl1212

  • Sr. Member
  • ****
  • Posts: 353
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

D


abarnes

  • Member
  • Posts: 556
Reply 2 on: Jun 30, 2018
Excellent

steff9894

  • Member
  • Posts: 337
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

Did you know?

Oliver Wendell Holmes is credited with introducing the words "anesthesia" and "anesthetic" into the English language in 1846.

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

Did you know?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

A Production Function with Diminishing Marginal Product of Capital A Production Function with Diminishing Marginal Product of Capital
Project Management: Achieving Competitive Advantage, 5th Edition Project Management: Achieving Competitive Advantage, 5th Edition
Importance of Considering Gestalt Principles in Product Design (2 of 2) Importance of Considering Gestalt Principles in Product Design (2 of 2)
Use the product rule to find derivative Use the product rule to find derivative
To find the derivative use product rule To find the derivative use product rule
Video: Introduction to Diabetes

For a complete list of videos, visit our video library