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Author Question: Which of the following would likely be an example of a monopolistic industry? a. fast-food ... (Read 68 times)

rachel9

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on: Jun 30, 2018
Which of the following would likely be an example of a monopolistic industry?
 a. fast-food restaurants
  b. cell phone service
 c. auto manufacturing
  d. none of the above

Question 2

People who call for creating a level playing field believe that:
 a. a country with relatively low wages is typically a country with an abundance of low-skilled labor.
  b. trading on the basis of comparative advantage benefits both domestic and foreign firms.
  c. creating a level playing field undermines the basis for specialization and economic efficiency.
  d. production in accordance with comparative advantage is unfair.
  e. free trade allocates the scarce resources in an efficient way.


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rleezy04

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

d

Answer to Question 2

d


rachel9

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Reply #2 on: Jun 30, 2018
Thank you


rleezy04

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Reply #3 on: Jun 30, 2018
No problemo


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