This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Natural oligopoly is a situation where A) the level of demand can support only a few firms. B) ... (Read 41 times)

CharlieWard

  • Hero Member
  • *****
  • Posts: 578
on: Jun 29, 2018
Natural oligopoly is a situation where
 
  A) the level of demand can support only a few firms.
  B) there is only one firm.
  C) there are only two firms.
  D) there are legal barriers to entry.

Question 2

If the government subsidizes the production of a good
 
  A) an efficient outcome for producers occurs.
  B) overproduction relative to the efficient quantity occurs.
  C) a deadweight loss is created.
  D) Both answers B and C are correct.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

livaneabi

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

D


CharlieWard

  • Member
  • Posts: 578
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

debra928

  • Member
  • Posts: 342
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Nuclear division at the DNA level Nuclear division at the DNA level
Cultural Variations in the Strange Situation Across cultures, most toddlers exhibit secure attachme Cultural Variations in the Strange Situation Across cultures, most toddlers exhibit secure attachme
Upper-Level Maps Upper-Level Maps
The growth in demand for energy use is met by burning fossil fuels The growth in demand for energy use is met by burning fossil fuels
Growth in the demand for oil from the developing world Growth in the demand for oil from the developing world
Rising Sea Level Rising Sea Level
Video: Graded potentials - electrical characteristics and types

For a complete list of videos, visit our video library