« previous next »

Author Question: Which real-world market most closely approximates perfect competition? a. the stock market b. ... (Read 92 times)

ghost!

  • Hero Member
  • *****
  • Posts: 560
on: Jun 30, 2018
Which real-world market most closely approximates perfect competition?
 a. the stock market
  b. automobiles
  c. higher education
  d. cable television services
  e. retail clothing stores

Question 2

In the monopoly market structure, new firms
 a. cannot profitably enter the industry, even in the long run
  b. may freely enter and leave the industry in both the short run and the long run
  c. may freely enter and leave the industry in the long run only
  d. may freely enter and leave the industry in the short run only
  e. have no incentive to enter the industry, even if economic profits are present


Fayaz00962

  • Sr. Member
  • ****
  • Posts: 330
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

Alexander Fleming photographed in his lab where he observed the natural competition between a fungus Alexander Fleming photographed in his lab where he observed the natural competition between a fungus
The World’s Muddiest River The World’s Muddiest River
Luna Park at Coney Island was a vast living theater in which strollers were both spectators and acto Luna Park at Coney Island was a vast living theater in which strollers were both spectators and acto
Is there anything in life that is permanent, or is the world constantly changing? Is there anything in life that is permanent, or is the world constantly changing?
Links to the World Economy Links to the World Economy
Perfect logistic curves Perfect logistic curves
Video: Role of complement proteins

For a complete list of videos, visit our video library