« previous next »

Author Question: An oligopoly: a. and monopolistically competitive market produce less and charge higher prices than ... (Read 67 times)

Chelseaamend

  • Hero Member
  • *****
  • Posts: 545
on: Jun 30, 2018
An oligopoly:
 a. and monopolistically competitive market produce less and charge higher prices than if their markets were perfectly competitive.
  b. is characterized by mutual interdependence of pricing decisions.
  c. may be characterized by a kinked demand curve.
  d. all of these.

Question 2

During the short-run period of the production process, a firm will be:
 a. unable to vary any of its factors of production.
  b. able to vary some of its factors of production.
  c. able to vary all of its factors of production.
  d. able to vary the size of its plant.


mceravolo

  • Sr. Member
  • ****
  • Posts: 349
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

b


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Norway lobsters on sale at a Spanish market Norway lobsters on sale at a Spanish market
Mosaic of Charge-Coupled Devices (CCDs) Mosaic of Charge-Coupled Devices (CCDs)
The main avenue to the upward social mobility reviewed in the text has been higher education. The main avenue to the upward social mobility reviewed in the text has been higher education.
Competitive enzyme immunoassay. (a) Shows the uninhibited reaction and (b) shows the inhibited ... Competitive enzyme immunoassay. (a) Shows the uninhibited reaction and (b) shows the inhibited ...
How to use implicit differentiation with higher order derivatives How to use implicit differentiation with higher order derivatives
Farmers’ markets provide fresh, local produce to consumers Farmers’ markets provide fresh, local produce to consumers
Video: Adolescent Diabetes

For a complete list of videos, visit our video library