Author Question: A duopoly occurs when ________. A) there are only two producers of a particular good competing in ... (Read 96 times)

erika · **on:** Jun 29, 2018

A duopoly occurs when ________.

A) there are only two producers of a particular good competing in the same market
B) there are two producers of two goods competing in an oligopoly market
C) there are numerous producers of two goods competing in a competitive market
D) the one producer of two goods sells the goods in a monopoly market

Question 2

Lily has 10 to spend each week on fish and chicken. Fish costs 2 a serving and chicken costs 3 a serving. The table shows Lily's marginal utilities of fish and chicken. Lily will consume ________ servings of chicken and ________ of fish each week.

A) 4; 0
B) 1; 3
C) 0; 5
D) 2; 2