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Author Question: Which of the following is characteristic of monopolistically competitive industries? a. Product ... (Read 31 times)

abarnes

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on: Jun 30, 2018
Which of the following is characteristic of monopolistically competitive industries?
 a. Product differentiation.
 b. A substantial likelihood of collusion.
 c. Relatively small market shares of each producer.
 d. Both (a) and (c) are characteristics of monopolistically competitive industries.

Question 2

Which of the following is true of property rights?
 a. They are rights to use a public good without paying for it.
  b. They usually specify the owner's alternatives.
  c. The are associated with the exchange of commodities but not services.
  d. They are often open-ended and do not exhaustively specify the owner's alternatives.


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kalskdjl1212

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Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

D


abarnes

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Reply 2 on: Jun 30, 2018
Excellent

scikid

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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