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Author Question: A monopolized market is characterized by: a. a sole seller of a product for which there are few ... (Read 74 times)

Pineapplelove6

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on: Jun 30, 2018
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.


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isabelt_18

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

d

Answer to Question 2

d


Pineapplelove6

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

kthug

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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