The number of firms in a monopolistically competitive market means that
A) all firms will have substantial monopoly power since there are so few firms in the industry.
B) each firm has a relatively small share of the total market since there are many firms in the industry.
C) the firms will be likely to collude since there are only a few firms in the industry.
D) firms will have a hard time earning non-negative profits since there are many firms in the industry.
Question 2
When a society takes increasing amounts of resources and applies them to the production of a specific good, resulting in increasing opportunity costs for each additional unit produced, which of the following applies?
A) the law of demand
B) the law of supply
C) the law of scarcity
D) the law of increasing additional costs
Relationship between the number of CAG repeats in a gene and the age of onset of Huntington disease.
A sphere represented by means of modeling.
“Career choice” for many women means leaving their paid jobs for a number of years when they ...
The distribution of cones and rods over the human retina. The figure illustrates the number of cones ...
Number
Plot showing the number of genes on each human chromosome