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Author Question: In September 2008, Toyota Motor's share of the U.S. auto sales market was 15 percent, Ford's market ... (Read 107 times)

azncindy619

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on: Jun 29, 2018
In September 2008, Toyota Motor's share of the U.S. auto sales market was 15 percent, Ford's market share was 12.1 percent, GM's was 29.1 percent, Honda's was 10 percent, Nissan's share was 6.2 percent, and Chrysler's market share was 11.1 percent.
 
  What type of market structure would the market for autos represent? A) monopolistic competition
  B) monopoly
  C) oligopoly
  D) markets and competitive environment

Question 2

Fast Copy is a perfectly competitive firm. The figure above shows Fast Copy's cost curves. If the market price is 2 cents per page, what is Fast Copy's economic profit?
 
  A) zero
  B) between 0 and 0.50 per hour
  C) between 0.51 and 1.00 per hour
  D) more than 1.00 per hour


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chjcharjto14

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

C

Answer to Question 2

A


azncindy619

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Reply #2 on: Jun 29, 2018
Thank you :)


chjcharjto14

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Reply #3 on: Jun 29, 2018
Happy to help you


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