The market structure(s) most likely to exhibit extensive ...

[stock]

The market structure(s) most likely to exhibit extensive advertising is (are):
 a. monopoly.
 b. monopolistic competition.
  c. perfect competition.
 d. monopoly and oligopoly.

Question 2

Which of the following was an outcome of uncoordinated oil drilling in Huntington Beach, California?
 a. The entire oil present underground had been extracted within few years.
  b. Underground oil pressure had increased due to excessive drilling leading to an oil spill into the adjacent sea.
  c. A majority of the oil could not be drilled out as low underground pressure prevented oil from reaching the surface.
  d. The oil belt suffered frequent earthquakes as excessive drilling had loosened the soil bonding.

[karlss]

Answer to Question 1

b

Answer to Question 2

C