This topic contains a solution. Click here to go to the answer

Author Question: A market with a single seller is called A) perfectly competitive. B) monopolistically competitive. ... (Read 124 times)

cmoore54

  • Hero Member
  • *****
  • Posts: 568
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
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
Great answer, keep it coming :)


marict

  • Member
  • Posts: 304
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

The lipid bilayer is made of phospholipids. They are arranged in a double layer because one of their ends is attracted to water while the other is repelled by water.

Did you know?

Carbamazepine can interfere with the results of home pregnancy tests. If you are taking carbamazepine, do not try to test for pregnancy at home.

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

For a complete list of videos, visit our video library