Author Question: A monopoly can be formed by a bandwagon effect. Which of the following products would most closely ... (Read 118 times)

colton

  • Hero Member
  • *****
  • Posts: 627
A monopoly can be formed by a bandwagon effect. Which of the following products would most closely match the bandwagon effect?
 
  A) the Atlanta Braves baseball club
  B) the Dell Computer
  C) the Apple iPod
  D) the Chevrolet Corvette

Question 2

The long-run supply curve in a competitive market is upward-sloping.
 
  Indicate whether the statement is true or false


tsternbergh47

  • Sr. Member
  • ****
  • Posts: 311
Answer to Question 1

C

Answer to Question 2

False. The shape of the long-run supply curve will depend on how similar the firms are and on the relationship between factor prices and total industry output.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

Did you know?

People about to have surgery must tell their health care providers about all supplements they take.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

For a complete list of videos, visit our video library