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

Author Question: A market with a single seller is called A) perfectly competitive. B) monopolistically competitive. ... (Read 125 times)

cmoore54

  • Hero Member
  • *****
  • Posts: 568
on: Jun 30, 2018
A market with a single seller is called
 A) perfectly competitive.
  B) monopolistically competitive.
  C) a monopoly.
  D) an oligopoly.

Question 2

What characteristics distinguish private goods from public goods?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

memslove

  • Sr. Member
  • ****
  • Posts: 321
Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

Private goods are excludable and rivalrous, while public goods are nonexcludable and nonrival in nature.


cmoore54

  • Member
  • Posts: 568
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

parker125

  • Member
  • Posts: 332
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Arrangement of the sarcoplasmic reticulum, transverse tubules, and myofibrils in a single skeletal m Arrangement of the sarcoplasmic reticulum, transverse tubules, and myofibrils in a single skeletal m
Single bull elk are vulnerable to predation by wolves. Single bull elk are vulnerable to predation by wolves.
Cardiac catheterization. Insertion of a tube called a catheter through a blood vessel. In this examp Cardiac catheterization. Insertion of a tube called a catheter through a blood vessel. In this examp
Photograph of the flea that transmits Yersinia pestis to cause bubonic plague, called the oriental r Photograph of the flea that transmits Yersinia pestis to cause bubonic plague, called the oriental r
Working Memory Binds Visual Features into a Single Chunk Working Memory Binds Visual Features into a Single Chunk
Cutaway Drawing of Tholos, The So-called Treasury of Atreus Cutaway Drawing of Tholos, The So-called Treasury of Atreus
Video: Elementary kinetics

For a complete list of videos, visit our video library