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Author Question: In a perfectly competitive industry, the industry demand curve is ____, while in a monopolistic ... (Read 47 times)

charchew

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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


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ergserg

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Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

True


charchew

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

ultraflyy23

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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