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Author Question: The retail market for video rentals is a monopolistically competitive market. A greater supply of ... (Read 113 times)

LCritchfi

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on: Jun 30, 2018
The retail market for video rentals is a monopolistically competitive market. A greater supply of video rental outlets along with the increased availability of substitutes like cable channels would likely make rental rates
 a. decrease slightly
  b. remain unchanged
  c. crash
  d. fluctuate wildly up and down
  e. increase

Question 2

Pollution and other negative externalities arise because
 a. there are no enforceable property rights to open-access resources
  b. legislators cannot agree on what to do about them
  c. they are the price consumers are willing to pay for production of goods and services
  d. private property rights to pollute are controlled by businesses
  e. science cannot decide how to control them


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fauacakatahaias

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

C

Answer to Question 2

A


LCritchfi

  • Member
  • Posts: 519
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

dantucker

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  • Posts: 346
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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