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

Author Question: Which of the following markets are closest to perfectly competitive a. The market for smart phones ... (Read 54 times)

sjones

  • Hero Member
  • *****
  • Posts: 520
on: Jul 1, 2018
Which of the following markets are closest to perfectly competitive
 a. The market for smart phones
 b. The market for generic pharmaceuticals
  c. The market for sport shoes
 d. The market for fast food

Question 2

If the bidders at an oral auction have true values of 78, 72, 66, and 65, the item will sell for
 a. 78
 b. just under 78
  c. 72
 d. just over 72


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

poopface

  • Sr. Member
  • ****
  • Posts: 339
Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

d


sjones

  • Member
  • Posts: 520
Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

ecabral0

  • Member
  • Posts: 310
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Did you know?

There are more bacteria in your mouth than there are people in the world.

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

Turning cell phones into basic research tools with apps Turning cell phones into basic research tools with apps
The Railroads: Moving Agricultural Products to Eastern Markets, 1890 The Railroads: Moving Agricultural Products to Eastern Markets, 1890
Many physicians use cell phones to stay in touch with their offices. Many physicians use cell phones to stay in touch with their offices.
Competitive enzyme immunoassay. (a) Shows the uninhibited reaction and (b) shows the inhibited ... Competitive enzyme immunoassay. (a) Shows the uninhibited reaction and (b) shows the inhibited ...
A substrate and its competitive inhibitor A substrate and its competitive inhibitor
Competitive firms and maximization Competitive firms and maximization
Video: Hydrogen bonds - role in the body

For a complete list of videos, visit our video library