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Author Question: Using the data in the above table, at the price of 80 a phone, a A) shortage of 25 thousand ... (Read 31 times)

anjilletteb

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on: Jun 29, 2018
Using the data in the above table, at the price of 80 a phone, a
 
  A) shortage of 25 thousand cellular telephones occurs.
  B) surplus of 80 thousand cellular telephones occurs.
  C) surplus of 25 thousand cellular telephones occurs.
  D) shortage of 55 thousand cellular telephones occurs.

Question 2

Which of the following is part of the market structure for monopolistic competition?
 
  A) barriers to entry
  B) a large number of firms compete
  C) each firm produces a differentiated product
  D) Both answers B and C are correct.


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moormoney

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

C

Answer to Question 2

D


anjilletteb

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

duy1981999

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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