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

Author Question: A monopolistic industry has (Read 35 times)

dmcintosh

  • Hero Member
  • *****
  • Posts: 517
on: Apr 19, 2019

Question 1

An oligopolistic industry is characterized by


◦ one dominant firm in the industry.
◦ having no market power.
◦ free entry and exit.
◦ strategic behavior.

Question 2

A monopolistic industry has


◦ many differentiated products and easy entry.
◦ a homogeneous product and easy entry.
◦ a single, unique product and blocked entry.
◦ either a standardized product or differentiated products.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by dmcintosh on Apr 19, 2019

aliotak

  • Sr. Member
  • ****
  • Posts: 326
Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 25% of students answer this correctly


dmcintosh

  • Hero Member
  • *****
  • Posts: 517
Reply #2 on: Apr 19, 2019
Thanks


aliotak

  • Sr. Member
  • ****
  • Posts: 326
Reply #3 on: Apr 19, 2019
Welcome :)


« previous next »
 

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

Did you know?

Complications of influenza include: bacterial pneumonia, ear and sinus infections, dehydration, and worsening of chronic conditions such as asthma, congestive heart failure, or diabetes.

Did you know?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

A passenger train crosses Stony Creek Bridge in the Rocky Mountains in 1878. Railroads were importan A passenger train crosses Stony Creek Bridge in the Rocky Mountains in 1878. Railroads were importan
Natural Resources and Industry Natural Resources and Industry
The impact of industry and manufacturing on our life The impact of industry and manufacturing on our life
Industry is responsible for 21% of global greenhouse gas emissions Industry is responsible for 21% of global greenhouse gas emissions
Food policy can drive the food industry Food policy can drive the food industry
Wages and Machines in the Textile Industry, 1910 Wages and Machines in the Textile Industry, 1910
Video: Pores and Ion Channels

For a complete list of videos, visit our video library