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Author Question: Video rental stores in cities are an illustration of: a. perfect competition. b. monopoly. c. ... (Read 202 times)

vicotolentino

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on: Jun 30, 2018
Video rental stores in cities are an illustration of:
 a. perfect competition.
  b. monopoly.
  c. monopolistic competition.
  d. oligopoly.

Question 2

The marginal rate of substitution ____ as one moves downward along the indifference curve.
 a. increase
  b. remains constant
  c. decreases
  d. increases and then decreases


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ErinKing

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

c

Answer to Question 2

c


vicotolentino

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

kusterl

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

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