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Author Question: Strategic behavior and game theory are features of which market structure? A) perfect competition ... (Read 89 times)

tth

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on: Jun 29, 2018
Strategic behavior and game theory are features of which market structure?
 
  A) perfect competition
  B) monopoly
  C) monopolistic competition
  D) oligopoly

Question 2

What would happen in the market for bread if its demand increased but the price was NOT allowed to change?
 
  A) There would be a surplus of bread.
  B) There would be a shortage of bread.
  C) The supply of bread would increase.
  D) The supply of bread would decrease.


sierrahalpin

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

B


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