« previous next »

Author Question: A monopoly is characterized by all of the following except A) the firm has market power. B) ... (Read 155 times)

clmills979

  • Hero Member
  • *****
  • Posts: 551
on: Jun 29, 2018
A monopoly is characterized by all of the following except
 
  A) the firm has market power.
  B) there are no close substitutes to the firm's product.
  C) there are only a few sellers, each selling a unique product.
  D) entry barriers are high.

Question 2

Refer to Table 12-1. What is the fixed cost of production?
 
  A) 0 B) 500
  C) 1,000 D) It cannot be determined.


Jordin Calloway

  • Sr. Member
  • ****
  • Posts: 334
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

Did you know?

There are more nerve cells in one human brain than there are stars in the Milky Way.

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

J. P. Morgan, the financial genius, staved off ruinous competition among steel firms by combining mo J. P. Morgan, the financial genius, staved off ruinous competition among steel firms by combining mo
A dual-trace scope pattern showing both the power and the waste spark from the same coil ... A dual-trace scope pattern showing both the power and the waste spark from the same coil ...
Cortical EEG recorded during epileptic attacks. Notice that each trace is characterized by epileptic ... Cortical EEG recorded during epileptic attacks. Notice that each trace is characterized by epileptic ...
El Anatsui Flag for a New World Power El Anatsui Flag for a New World Power
Power of Positivity Power of Positivity
Pascal’s triangle of binomial coefficients (p + q) raised to the nth power Pascal’s triangle of binomial coefficients (p + q) raised to the nth power
Video: Introduction to Macular Degeneration

For a complete list of videos, visit our video library