Author Question: General equilibrium analysis is different from partial equilibrium analysis in that general ... (Read 106 times)

formula1 · **on:** Jul 1, 2018

General equilibrium analysis is different from partial equilibrium analysis in that general equilibrium analysis

A) explicitly takes feedback effects into account and partial equilibrium analysis does not.
B) does not take into consideration specific problems, but partial equilibrium analysis does.
C) takes into consideration specific problems, but partial equilibrium analysis does not.
D) allows one to arrive at a specific conclusion, but partial equilibrium analysis does not.

Question 2

The market structure in which strategic considerations are most important is

A) monopolistic competition.
B) oligopoly.
C) pure competition.
D) pure monopoly.