« previous next »

Author Question: The law that prohibits price from reaching its equilibrium point, by enforcing a maximum that is ... (Read 69 times)

vHAUNG6011

  • Hero Member
  • *****
  • Posts: 514
on: Jun 30, 2018
The law that prohibits price from reaching its equilibrium point, by enforcing a maximum that is below equilibrium is called a _____ and results in a _____.
 a. price ceiling; shortage
  b. price ceiling; surplus
  c. price floor; shortage
  d. price floor; surplus

Question 2

Which of the following characteristics distinguishes oligopoly from other market structures?
 a. Firms operating in an oligopoly are independent of each other.
  b. Firms operating in an oligopoly are interdependent.
  c. Oligopoly is the simplest of all the other market structures.
  d. An oligopolist does not face a downward-sloping demand curve.
  e. Entry into an oligopolistic market is easier than entry into a monopolistically competitive market.


Shshxj

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

b


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

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?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

SpaceShipOne completed the first manned private spaceflight in 2004, reaching an altitude of 100.124 SpaceShipOne completed the first manned private spaceflight in 2004, reaching an altitude of 100.124
The Method for Determining the Two-Point Discrimination Threshold The Method for Determining the Two-Point Discrimination Threshold
Major marma point locations. Major marma point locations.
A car wash reduced the price of a basic wash as a promotion and test of the market. With the ... A car wash reduced the price of a basic wash as a promotion and test of the market. With the ...
The molality of a C12H23O11 solution is 0.6 m. what is the freezing point of the solution C? The molality of a C12H23O11 solution is 0.6 m. what is the freezing point of the solution C?
Calculus help: Find the absolute minimum and absolute maximum f(x) = (x2 —1) on [-1.2] Calculus help: Find the absolute minimum and absolute maximum f(x) = (x2 —1) on [-1.2]
Video: Bulk flow - Factors that influence bulk flow

For a complete list of videos, visit our video library