This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The automobile, breakfast cereal, and tobacco industries are examples of a. monopolistic ... (Read 156 times)

big1devin

  • Hero Member
  • *****
  • Posts: 583
on: Jun 30, 2018
The automobile, breakfast cereal, and tobacco industries are examples of
 a. monopolistic competition
  b. oligopoly
  c. perfect competition
  d. monopoly
  e. monopsony

Question 2

If a market is initially operating competitively and then the government imposes a price floor above the equilibrium price,
 a. there will be more resources will be devoted to the production of this product
  b. quantity demanded will rise
  c. producer surplus will fall in the short run
  d. imposition of the floor is probably a positive-sum game
  e. consumer surplus will fall


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

momolu

  • Sr. Member
  • ****
  • Posts: 320
Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

E


big1devin

  • Member
  • Posts: 583
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

rleezy04

  • Member
  • Posts: 322
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Did you know?

There are more nerve cells in one human brain than there are stars in the Milky Way.

A plant infected with tobacco mosaic virus A plant infected with tobacco mosaic virus
Examples of sensory receptors in the skin of mammals. Examples of sensory receptors in the skin of mammals.
Examples of four letter formats: (A) block style, (B) modified block style, (C) modified block style ... Examples of four letter formats: (A) block style, (B) modified block style, (C) modified block style ...
Examples of specimen collection containers for stool, urine, and swabs for wounds or secretions. Examples of specimen collection containers for stool, urine, and swabs for wounds or secretions.
Examples of Pathogenic Microbes Identified Since 1973 Examples of Pathogenic Microbes Identified Since 1973
Examples of Human Disorders Caused by Single-Gene Mutations Examples of Human Disorders Caused by Single-Gene Mutations
Video: Fetal development - Weeks 9 to 38

For a complete list of videos, visit our video library