A monopolized market is characterized by: a. a sole seller of a ...

[Pineapplelove6]

A monopolized market is characterized by:
 a. a sole seller of a product for which there are few suitable substitutes.
  b. very strong barriers to entry.
  c. a single firm facing the market demand curve.
  d. all of these.

Question 2

Marginal utility is best computed as the ratio of:
 a. total utility to change in quantity consumed.
  b. the change in total utility to total quantity consumed.
  c. total quantity consumed to total utility.
  d. the change in total utility to change in quantity consumed.

[isabelt_18]

Answer to Question 1

d

Answer to Question 2

d

[Pineapplelove6]

Thanks for the timely response, appreciate it

[sultana.d]

Wow, this really help