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

Author Question: If a rise in the price x causes less y to be demanded: a. x and y are gross complements. b. x and ... (Read 29 times)

jeatrice

  • Hero Member
  • *****
  • Posts: 543
on: Jul 1, 2018
If a rise in the price x causes less y to be demanded:
 a. x and y are gross complements.
  b. x and y are gross substitutes.
  c. x and y are net complements.
  d. x and y are net substitutes.

Question 2

Which of the following is a source of market power for a monopolist?
 a. a firm may have a patent or copyright
  b. a firm may control critical resources
  c. a firm may have a government-authorized franchise
  d. a firm may enjoy economies of scale
  e. all of the above are sources of market power for a monopolist


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

owenfalvey

  • Sr. Member
  • ****
  • Posts: 337
Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

e


jeatrice

  • Member
  • Posts: 543
Reply 2 on: Jul 1, 2018
Gracias!

frankwu0507

  • Member
  • Posts: 322
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Because the leg muscles of children with muscular dystrophy are weak, they must perform the Gowers’ Because the leg muscles of children with muscular dystrophy are weak, they must perform the Gowers’
Milestones of Gross Motor Development in Toddlerhood Milestones of Gross Motor Development in Toddlerhood
In 2010 protesters in Washington, D.C., demanded that the Obama administration support liberalized i In 2010 protesters in Washington, D.C., demanded that the Obama administration support liberalized i
Real Price of Oil, 1861–2010 Real Price of Oil, 1861–2010
Price of Computers, 1982–2010 Price of Computers, 1982–2010
The retail price of a packaged CD is $60.00, which includes a tax of 4%. What is the actual ... The retail price of a packaged CD is $60.00, which includes a tax of 4%. What is the actual ...
Video: The primary factors that affect circulation - MABP, CO and SVR

For a complete list of videos, visit our video library