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Author Question: There are a few ship manufacturers in Polonia and each firm faces a downward sloping demand curve. ... (Read 67 times)

piesebel

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on: Jun 29, 2018
There are a few ship manufacturers in Polonia and each firm faces a downward sloping demand curve. The ship-building industry in Polonia is an example of a(n) ________.
 
  A) perfect competition
  B) monopolistic competition
  C) monopoly
  D) oligopoly

Question 2

A supply curve shows the relationship between:
 
  A) output and the total cost of production.
  B) output and prices.
  C) output and consumer income.
  D) output and revenue.


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cupcake16

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

D

Answer to Question 2

B


piesebel

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

scikid

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Reply 3 on: Yesterday
Excellent

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