This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Can you think of some examples of oligopolies that you buy from? What will be an ideal ... (Read 161 times)

Lisaclaire

  • Hero Member
  • *****
  • Posts: 569
on: Jun 29, 2018
Can you think of some examples of oligopolies that you buy from?
 
  What will be an ideal response?

Question 2

The price of compact fluorescent light bulbs fell because of improvements in production technology. As a result, the demand for incandescent light bulbs decreased.
 
  This caused the price of incandescent light bulbs to fall; as the price of incandescent light bulbs fell the demand for incandescent light bulbs decreased even further. Evaluate this statement.
  A) The statement is false because the demand for incandescent light bulbs would increase as the price of compact fluorescent light bulbs fell.
  B) The statement is false because it confuses the law of demand with the law of supply.
  C) The statement is false. A decrease in the price of compact fluorescent light bulbs would decrease the demand for incandescent light bulbs, but a decrease in the price of incandescent light bulbs would not cause the demand for incandescent light bulbs to decrease.
  D) The statement is false because compact fluorescent light bulbs producers would not reduce their prices as a result of improvements in technology; doing so would reduce their profits.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

lorealeza

  • Sr. Member
  • ****
  • Posts: 345
Reply #1 on: Jun 29, 2018
Answer to Question 1

The market for graphic accelerator cards is close to an oligopoly; the market for long-distance land-based telephone service is close to an oligopoly; the market for soft drinks is an oligopoly; and, the market for beer is an oligopoly.

Answer to Question 2

C


Lisaclaire

  • Member
  • Posts: 569
Reply 2 on: Jun 29, 2018
Wow, this really help

Missbam101

  • Member
  • Posts: 341
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Did you know?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

Did you know?

Patients should never assume they are being given the appropriate drugs. They should make sure they know which drugs are being prescribed, and always double-check that the drugs received match the prescription.

Examples of USP labels Source: Courtesy of Novartis Pharmaceuticals Corporation and Mallinckrodt Pha Examples of USP labels Source: Courtesy of Novartis Pharmaceuticals Corporation and Mallinckrodt Pha
Examples of thrombophlebitis Examples of thrombophlebitis
Examples of thrombophlebitis. Deep venous thrombosis (DVT) commonly affects the veins of the leg. Examples of thrombophlebitis. Deep venous thrombosis (DVT) commonly affects the veins of the leg.
Examples of specimen collection containers for stool, urine, and swabs for wounds or secretions. Examples of specimen collection containers for stool, urine, and swabs for wounds or secretions.
Examples of Allele Frequencies for Three STR Markers Used in CODIS Examples of Allele Frequencies for Three STR Markers Used in CODIS
Examples of animal digestive systems. Examples of animal digestive systems.
Video: Transferring genes into plants Animation

For a complete list of videos, visit our video library