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Author Question: A market structure in which many firms are selling an identical product is called A) perfect ... (Read 129 times)

justinmsk

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on: Jun 29, 2018
A market structure in which many firms are selling an identical product is called
 
  A) perfect competition.
  B) monopolistic competition.
  C) oligopoly.
  D) monopoly.

Question 2

The table above gives costs at Jan's Bike Shop. Unfortunately, Jan's record keeping has been spotty. Each worker is paid 100 a day. Labor costs are the only variable costs of production. What is the total variable cost of producing 60 bikes?
 
  A) 200
  B) 300
  C) 400
  D) 500


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juiceman1987

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

A

Answer to Question 2

B


justinmsk

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Reply 2 on: Jun 29, 2018
Excellent

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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