Author Question: The best example of a good sold in a monopolistically competitive market is A) pizza. B) the ... (Read 87 times)

lilldybug07

  • Hero Member
  • *****
  • Posts: 546
The best example of a good sold in a monopolistically competitive market is
 
  A) pizza.
  B) the local newspaper.
  C) sewer services.
  D) peaches.

Question 2

In what type of market is a cartel possible?
 
  A) a market in which there are only a few firms and barriers to entry exist
  B) a market in which firms sell a homogeneous good
  C) a market in which firms sell a differentiated good
  D) a market in which there are many firms



lcapri7

  • Sr. Member
  • ****
  • Posts: 350
Answer to Question 1

A

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

Did you know?

Automated pill dispensing systems have alarms to alert patients when the correct dosing time has arrived. Most systems work with many varieties of medications, so patients who are taking a variety of drugs can still be in control of their dose regimen.

Did you know?

The shortest mature adult human of whom there is independent evidence was Gul Mohammed in India. In 1990, he was measured in New Delhi and stood 22.5 inches tall.

For a complete list of videos, visit our video library