This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: In a small town the level of demand is capable of supporting only two gas stations. This market is ... (Read 77 times)

tiffannnnyyyyyy

  • Hero Member
  • *****
  • Posts: 512
on: Jun 29, 2018
In a small town the level of demand is capable of supporting only two gas stations. This market is
 
  A) a natural duopoly.
  B) perfectly competitive because a homogeneous good is being sold.
  C) operating as if it was a monopoly.
  D) an example of monopolistic competition.

Question 2

The table shows the demand and supply schedules for jeans.
 
  A) At 60 a pair, there is a shortage of jeans and the price will fall.
  B) At 60 a pair, there is a surplus of jeans and the price will rise.
  C) At 40 a pair, there is a shortage of jeans and the price will rise.
  D) At 40 a pair, there is a shortage of jeans and the price will fall.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

nikmaaacs

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


tiffannnnyyyyyy

  • Member
  • Posts: 512
Reply 2 on: Jun 29, 2018
:D TYSM

tandmlomax84

  • Member
  • Posts: 323
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Did you know?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

Did you know?

The largest baby ever born weighed more than 23 pounds but died just 11 hours after his birth in 1879. The largest surviving baby was born in October 2009 in Sumatra, Indonesia, and weighed an astounding 19.2 pounds at birth.

Comparison of small subunit rRNA gene sequences from three eukaryotes and three bacterial species Comparison of small subunit rRNA gene sequences from three eukaryotes and three bacterial species
Digestion and absorption of emulsified fat in the small intestine. Digestion and absorption of emulsified fat in the small intestine.
Some vehicles use a surge tank, which is located at the highest level of the cooling system, with ... Some vehicles use a surge tank, which is located at the highest level of the cooling system, with ...
The four levels of PPE according to the EPA (from left to right): Level A, Level B, Level C, and ... The four levels of PPE according to the EPA (from left to right): Level A, Level B, Level C, and ...
Muscle action in the small intestine Muscle action in the small intestine
Video: Structures that affect circulation - arterioles and vasomotor responses

For a complete list of videos, visit our video library