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Author Question: A duopoly occurs when ________. A) there are only two producers of a particular good competing in ... (Read 40 times)

erika

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on: Jun 29, 2018
A duopoly occurs when ________.
 
  A) there are only two producers of a particular good competing in the same market
  B) there are two producers of two goods competing in an oligopoly market
  C) there are numerous producers of two goods competing in a competitive market
  D) the one producer of two goods sells the goods in a monopoly market

Question 2

Lily has 10 to spend each week on fish and chicken. Fish costs 2 a serving and chicken costs 3 a serving. The table shows Lily's marginal utilities of fish and chicken. Lily will consume ________ servings of chicken and ________ of fish each week.
 
  A) 4; 0
  B) 1; 3
  C) 0; 5
  D) 2; 2


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jlaineee

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

A

Answer to Question 2

D


erika

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

tkempin

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Reply 3 on: Yesterday
Gracias!

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