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Author Question: Which of the following is a similarity between a monopoly and an oligopoly with differentiated ... (Read 63 times)

jparksx

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on: Jun 29, 2018
Which of the following is a similarity between a monopoly and an oligopoly with differentiated products?
 
  A) There are no barriers to entry in both markets.
  B) The long-run equilibrium price in both markets exceeds marginal cost.
  C) There is a single seller in both markets.
  D) Firms in both the markets earn zero profit in the long run.

Question 2

In which of the four market structures do sellers act as price takers?
 
  A) Perfect competition
  B) Monopolistic competition
  C) Monopoly
  D) Oligopoly


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chem1s3

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

B

Answer to Question 2

A


jparksx

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

helenmarkerine

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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