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Author Question: An increase in the price of sodium carbonate, a chemical compound used in detergents, will: a. ... (Read 58 times)

809779

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on: Jun 30, 2018
An increase in the price of sodium carbonate, a chemical compound used in detergents, will:
 a. increase the quantity of detergents demanded.
  b. decrease the quantity of detergents demanded.
  c. decrease the demand for detergents.
  d. increase the demand for detergents.

Question 2

The ordering of market structures from most market power to least market power (where market power is the ability to set its own price) is:
 a. monopoly, monopolistic competition, oligopoly, perfect competition.
  b. perfect competition, monopolistic competition, oligopoly, monopoly.
  c. oligopoly, monopoly, monopolistic competition, perfect competition.
  d. monopoly, oligopoly, monopolistic competition, perfect competition.
  e. monopoly, perfect competition, monopolistic competition, oligopoly.


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mtmmmmmk

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

B

Answer to Question 2

d


809779

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

rachel

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Reply 3 on: Yesterday
Excellent

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