A supply schedule
A) can be used to generate a supply curve.
B) is a table reflecting the inverse relationship between price and quantity supplied.
C) shows what happens to quantity supplied when price is held constant.
D) all of the above.
Question 2
There are fewer than half as many publishers of college textbooks in the United States now as a generation ago. Three companies alone account for almost two-thirds of the sale of new textbooks.
This market situation characterized by very few sellers is known as A) an oligopoly.
B) perfect competition.
C) pure monopoly.
D) monopolistic competition.