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

Author Question: In a perfectly competitive industry, the industry demand curve is ____, while in a monopolistic ... (Read 54 times)

charchew

  • Hero Member
  • *****
  • Posts: 579
on: Jun 30, 2018
In a perfectly competitive industry, the industry demand curve is ____, while in a monopolistic industry, the industry demand curve is:
 a. horizontal; downward sloping.
 b. downward sloping; horizontal.
 c. downward sloping; downward sloping.
  d. horizontal; horizontal.

Question 2

A monopoly exists when there is only one producer in an industry, and no close substitutes for the product exist.
 a. True
  b. False
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ergserg

  • Sr. Member
  • ****
  • Posts: 338
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

True


charchew

  • Member
  • Posts: 579
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

frankwu0507

  • Member
  • Posts: 322
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Did you know?

Alcohol acts as a diuretic. Eight ounces of water is needed to metabolize just 1 ounce of alcohol.

Did you know?

The first oral chemotherapy drug for colon cancer was approved by FDA in 2001.

Did you know?

The training of an anesthesiologist typically requires four years of college, 4 years of medical school, 1 year of internship, and 3 years of residency.

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Blood PH Curve Hemoglobin Blood PH Curve Hemoglobin
China has relied on cheap coal to meet its demand for energy China has relied on cheap coal to meet its demand for energy
The growing demand for electrical power, carbon sequestration and storage must be a priority The growing demand for electrical power, carbon sequestration and storage must be a priority
Economic recession in 2008 saw a small decrease in demand Economic recession in 2008 saw a small decrease in demand
The Radioactive Decay Curve The Radioactive Decay Curve
Find the factor demand for labour and the amount of output it will produce. Show all ... Find the factor demand for labour and the amount of output it will produce. Show all ...
Video: Exercise and cardiac output

For a complete list of videos, visit our video library