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

Author Question: Which of the following is a similarity between a monopoly and an oligopoly with differentiated ... (Read 46 times)

jparksx

  • Hero Member
  • *****
  • Posts: 570
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


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

chem1s3

  • Sr. Member
  • ****
  • Posts: 320
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

A


jparksx

  • Member
  • Posts: 570
Reply 2 on: Jun 29, 2018
Gracias!

jamesnevil303

  • Member
  • Posts: 337
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

Gestalt Law of Similarity Gestalt Law of Similarity
Gestalt Principle: Similarity Gestalt Principle: Similarity
The Inclusive Classroom: Strategies for Effective Differentiated Instruction The Inclusive Classroom: Strategies for Effective Differentiated Instruction
Similarity of the chemical structure of 5-bromouracil (5-BU) and thymine Similarity of the chemical structure of 5-bromouracil (5-BU) and thymine
Similarity of the chemical structure of 5-bromouracil (5-BU) and thymine Similarity of the chemical structure of 5-bromouracil (5-BU) and thymine
Video: Fractures Animation

For a complete list of videos, visit our video library