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

Author Question: In ________ the market is flooded with companies that sell essentially the same commodity-like ... (Read 40 times)

PhilipSeeMore

  • Hero Member
  • *****
  • Posts: 561
on: Jul 6, 2018
In ________ the market is flooded with companies that sell essentially the same commodity-like product and customer responsiveness to changes in price is high.
 
  A) monopsony
  B) monopoly
  C) oligopoly
  D) monopolistic competition
  E) perfect competition

Question 2

Which of the following markets is most likely to display the characteristics of monopolistic competition?
 
  A) the market for agricultural products
  B) the retail trade
  C) the market for steel
  D) the market for household appliances
  E) local utilities


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

juwms

  • Sr. Member
  • ****
  • Posts: 337
Reply #1 on: Jul 6, 2018
Answer to Question 1

E

Answer to Question 2

B


PhilipSeeMore

  • Member
  • Posts: 561
Reply 2 on: Jul 6, 2018
Gracias!

amcvicar

  • Member
  • Posts: 341
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

Early in the twentieth century, when malnutrition was common, companies such as this one advertised Early in the twentieth century, when malnutrition was common, companies such as this one advertised
A slave market in Marrakesh, Morocco. This lithograph is from the 1800s. A slave market in Marrakesh, Morocco. This lithograph is from the 1800s.
Reconstruction Drawing of Trajan's Market Reconstruction Drawing of Trajan's Market
Stock Market Question Stock Market Question
Markets and Institutions Market Story Problem Markets and Institutions Market Story Problem
Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ... Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ...
Video: Acids and bases - definition

For a complete list of videos, visit our video library