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Author Question: Which real-world market most closely approximates perfect competition? a. the stock market b. ... (Read 80 times)

ghost!

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  • Posts: 560
on: Jun 30, 2018
Which real-world market most closely approximates perfect competition?
 a. the stock market
  b. automobiles
  c. higher education
  d. cable television services
  e. retail clothing stores

Question 2

In the monopoly market structure, new firms
 a. cannot profitably enter the industry, even in the long run
  b. may freely enter and leave the industry in both the short run and the long run
  c. may freely enter and leave the industry in the long run only
  d. may freely enter and leave the industry in the short run only
  e. have no incentive to enter the industry, even if economic profits are present


Fayaz00962

  • Sr. Member
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  • Posts: 330
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

A


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