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Author Question: A market in which there is only one seller, and there is no close substitute for the product being ... (Read 123 times)

ashley

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  • Posts: 584
on: Jun 29, 2018
A market in which there is only one seller, and there is no close substitute for the product being sold, is called
 
  A) perfect competition.
  B) monopolistic competition.
  C) monopoly.
  D) oligopoly.

Question 2

The Colorado Ski Shop sold 60 ski jackets to a Belgian company's headquarters located in Paris, France. The ski jackets are a
 
  A) U.S. export good.
  B) capital good.
  C) government good.
  D) U.S. consumption service.
  E) U.S. import.


asdfghjkl;

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

C

Answer to Question 2

A


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