« previous next »

Author Question: Which of the following markets is closest to a monopoly? A) a firm with a 90 market share B) the ... (Read 72 times)

jeatrice

  • Hero Member
  • *****
  • Posts: 543
on: Jul 1, 2018
Which of the following markets is closest to a monopoly?
 
  A) a firm with a 90 market share
  B) the only gas station for 100 miles
  C) cable television
  D) garbage disposal

Question 2

Firms that exhibit price-taking behavior
 
  A) wait for other firms to set price, take it as given, and charge a higher price.
  B) have outputs that are too small to influence market price and thus take it as given.
  C) take pricing behavior in their own hands.
  D) are independently capable of setting price.
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


mceravolo

  • Sr. Member
  • ****
  • Posts: 349
Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Thyroid conditions cause a higher risk of fibromyalgia and chronic fatigue syndrome.

Did you know?

Though Candida and Aspergillus species are the most common fungal pathogens causing invasive fungal disease in the immunocompromised, infections due to previously uncommon hyaline and dematiaceous filamentous fungi are occurring more often today. Rare fungal infections, once accurately diagnosed, may require surgical debridement, immunotherapy, and newer antifungals used singly or in combination with older antifungals, on a case-by-case basis.

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Norway lobsters on sale at a Spanish market Norway lobsters on sale at a Spanish market
J. P. Morgan, the financial genius, staved off ruinous competition among steel firms by combining mo J. P. Morgan, the financial genius, staved off ruinous competition among steel firms by combining mo
Identical twins share 100 percent of their segregating genes. Identical twins share 100 percent of their segregating genes.
Branched-chain amino acid oxidation, fatty acid b-oxidation, and the citric acid cycle share a commo Branched-chain amino acid oxidation, fatty acid b-oxidation, and the citric acid cycle share a commo
Management Information Systems: Managing the Digital Firm, 15th Edition Management Information Systems: Managing the Digital Firm, 15th Edition
The density of Pb(s) is 11.34 g/cm3. Pb(s) exists in the cubic-closest packed structure The density of Pb(s) is 11.34 g/cm3. Pb(s) exists in the cubic-closest packed structure
Video: A timeline of the teeth (Explained - No Audio)

For a complete list of videos, visit our video library