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Author Question: A Canadian industry composed of many small firms is (Read 126 times)

jany123

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Question 1

Which of the following characteristics is NOT associated with imperfectly competitive markets?
◦ Firms engage in non-price competition.
◦ Firms are price setters.
◦ Products are differentiated.
◦ Firms are price takers.
◦ Firms can shift the demand curve for their product by advertising.

Question 2

A Canadian industry composed of many small firms is
◦ steel manufacturing.
◦ restaurants.
◦ natural gas transmission.
◦ gasoline retailing.
◦ automobile production.


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Marked as best answer by jany123 on Oct 12, 2022

feiojef

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jany123

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Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review


parker125

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Reply 3 on: Yesterday
Excellent

 

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