Author Question: The best example of a good sold in a monopolistically competitive market is A) pizza. B) the ... (Read 91 times)

lilldybug07

  • Hero Member
  • *****
  • Posts: 546
The best example of a good sold in a monopolistically competitive market is
 
  A) pizza.
  B) the local newspaper.
  C) sewer services.
  D) peaches.

Question 2

In what type of market is a cartel possible?
 
  A) a market in which there are only a few firms and barriers to entry exist
  B) a market in which firms sell a homogeneous good
  C) a market in which firms sell a differentiated good
  D) a market in which there are many firms



lcapri7

  • Sr. Member
  • ****
  • Posts: 350
Answer to Question 1

A

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

Cyanide works by making the human body unable to use oxygen.

Did you know?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

Did you know?

The cure for trichomoniasis is easy as long as the patient does not drink alcoholic beverages for 24 hours. Just a single dose of medication is needed to rid the body of the disease. However, without proper precautions, an individual may contract the disease repeatedly. In fact, most people develop trichomoniasis again within three months of their last treatment.

For a complete list of videos, visit our video library