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Author Question: A bowed outward production possibilities curve occurs when A) opportunity costs are constant. B) ... (Read 194 times)

mckennatimberlake

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on: Jun 29, 2018
A bowed outward production possibilities curve occurs when
 
  A) opportunity costs are constant.
  B) resources are not scarce.
  C) additional units of output of one good necessitate greater reductions in the other good.
  D) there are shortages in the goods being produced.

Question 2

Which of the following is NOT a necessary condition for oligopoly?
 
  A) barriers to entry
  B) strategic dependence of firms
  C) differentiated products
  D) either a small number of firms or market dominance by a small number of firms


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josephsuarez

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

C


mckennatimberlake

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

nanny

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Reply 3 on: Yesterday
Excellent

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