Author Question: In which of the following market structures is a firm most likely to advertise extensively and fear ... (Read 32 times)

lindiwe

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In which of the following market structures is a firm most likely to advertise extensively and fear entry of new firms?
 a. perfect competition
  b. pure monopoly
  c. monopolistic competition
  d. oligopoly
  e. both perfect competition and monopolistic competition

Question 2

Special-interest legislation is characterized by
 a. concentrated costs and concentrated benefits
  b. concentrated benefits and widespread costs
  c. widespread benefits and widespread costs
  d. widespread benefits and concentrated costs
  e. zero costs



abctaiwan

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Answer to Question 1

C

Answer to Question 2

B



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