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Author Question: Which of the following market structures has the highest market concentration? A) A monopoly B) ... (Read 78 times)

Alygatorr01285

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on: Jun 29, 2018
Which of the following market structures has the highest market concentration?
 
  A) A monopoly
  B) An oligopoly with differentiated products
  C) A perfect competition
  D) A monopolistic competition

Question 2

Refer to the scenario above. If the opportunity cost of time increases to 80 per hour, which of the following statements is true?
 
  A) Maria should choose to drive as it saves her 10.
  B) Maria should choose to drive as it saves her 150.
  C) Maria should choose to travel by train as it saves her 10.
  D) Maria should choose to travel by train as it saves her 150.


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Danny Ewald

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

A

Answer to Question 2

C


Alygatorr01285

  • Member
  • Posts: 564
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

cdmart10

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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