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
Types of variation in chromosome number.
Father’s Age and the Number of de novo Mutations
Annual Mean Number of Days with Thunder
Average Number of Days per Year with Thunderstorms
Estimated number of new HIV infections per year over time period in Canada
Markets and Institutions Market Story Problem