This topic contains a solution. Click here to go to the answer

Author Question: An intersection known as Four Corners lies 300 miles from the nearest town. At this intersection are ... (Read 121 times)

Alainaaa8

  • Hero Member
  • *****
  • Posts: 576
An intersection known as Four Corners lies 300 miles from the nearest town. At this intersection are three independently owned gas stations and one small pharmacy. Which of the following is true?
 a. The firms are all perfectly competitive because of their size.
  b. It would be easier for all four firms to form a cartel than for only the gas stations to do so.
  c. The gas stations are monopolistically competitive because there are so few of them that they are almost monopolists.
  d. The gas stations are perfectly competitive; the pharmacy is not.
  e. The gas stations are oligopolists; the pharmacy is a monopolist.

Question 2

Rent-seeking behavior imposes no costs on society because it is elected officials who actually make public sector decisions.
 a. True
  b. False



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

TDubDCFL

  • Sr. Member
  • ****
  • Posts: 357
Answer to Question 1

E

Answer to Question 2

B




Alainaaa8

  • Member
  • Posts: 576
Reply 2 on: Jun 30, 2018
:D TYSM


connor417

  • Member
  • Posts: 329
Reply 3 on: Yesterday
Wow, this really help

 

Did you know?

The people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

Did you know?

Oxytocin is recommended only for pregnancies that have a medical reason for inducing labor (such as eclampsia) and is not recommended for elective procedures or for making the birthing process more convenient.

For a complete list of videos, visit our video library