Author Question: Which of the following are types of economic markets? I. perfectly competitive II. oligopoly III. ... (Read 67 times)

rachel9 · **on:** Jun 29, 2018

Which of the following are types of economic markets? I. perfectly competitive II. oligopoly III. monopoly IV. multilateral

A) I and II
B) II and III
C) I and IV
D) I, II and III

Question 2

The above figure depicts the market for video games. If the government imposed a 3 per game tax on sellers, what would be the new equilibrium price paid by consumers after the tax?

A) less than 27 per game
B) 27 per game
C) more than 27 per game.
D) More information is needed to determine if the price is more than, less than, or equal to 27 per game.