This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following is inconsistent with the model of perfect competition? a. ease of entry into ... (Read 162 times)

Zulu123

  • Hero Member
  • *****
  • Posts: 525
on: Jun 30, 2018
Which of the following is inconsistent with the model of perfect competition?
 a. ease of entry into an industry
  b. ease of exit from an industry
  c. many buyers and sellers in the industry
  d. advertising of product differences in the industry
  e. a horizontal demand curve facing each firm in the industry

Question 2

Special-interest groups, such as the pharmaceutical lobby, often get what they demand because
 a. politicians are rationally ignorant
  b. voters are rationally ignorant
  c. they engage in logrolling
  d. they represent the median voter
  e. none of the above


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

pocatato

  • Sr. Member
  • ****
  • Posts: 333
Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

B


Zulu123

  • Member
  • Posts: 525
Reply 2 on: Jun 30, 2018
Excellent

Alyson.hiatt@yahoo.com

  • Member
  • Posts: 354
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Did you know?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

Did you know?

The average office desk has 400 times more bacteria on it than a toilet.

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

Tracking time of marker entry generates a chromosome map Tracking time of marker entry generates a chromosome map
The Solar Model The Solar Model
The Biopsychosocial Model The Biopsychosocial Model
The Steady State of the Solow Model The Steady State of the Solow Model
Molecular model of homologous recombination in meiosis Molecular model of homologous recombination in meiosis
Lastlings - Perfect World (Official Music Video) Lastlings - Perfect World (Official Music Video)
Video: Gastroesophageal Reflux Disease (GERD)

For a complete list of videos, visit our video library