Author Question: Under ________ there are many firms selling identical products. A) perfect competition B) ... (Read 139 times)

maegan_martin

  • Hero Member
  • *****
  • Posts: 532
Under ________ there are many firms selling identical products.
 
  A) perfect competition
  B) monopolistic competition
  C) oligopoly
  D) monopoly

Question 2

Free riding
 
  A) is possible if the consumption of a good is characterized by excludability.
  B) is possible if the consumption of a good is characterized by nonexcludability.
  C) is characteristic of private goods.
  D) occurs when consumers pay too much for services provided by government.



wfdfwc23

  • Sr. Member
  • ****
  • Posts: 338
Answer to Question 1

A

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

Did you know?

Congestive heart failure is a serious disorder that carries a reduced life expectancy. Heart failure is usually a chronic illness, and it may worsen with infection or other physical stressors.

Did you know?

Nitroglycerin is used to alleviate various heart-related conditions, and it is also the chief component of dynamite (but mixed in a solid clay base to stabilize it).

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

For a complete list of videos, visit our video library