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 78 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
Excellent

nanny

  • Member
  • Posts: 313
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

Did you know?

Looking at the sun may not only cause headache and distort your vision temporarily, but it can also cause permanent eye damage. Any exposure to sunlight adds to the cumulative effects of ultraviolet (UV) radiation on your eyes. UV exposure has been linked to eye disorders such as macular degeneration, solar retinitis, and corneal dystrophies.

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

How the study of genomes and proteomes can provide us with connections to different biological level How the study of genomes and proteomes can provide us with connections to different biological level
Multiple sclerosis (MS). (a) A disease characterized by the gradual development of small areas of ha Multiple sclerosis (MS). (a) A disease characterized by the gradual development of small areas of ha
Many gasoline service stations have signs posted warning customers to place plastic fuel containers ... Many gasoline service stations have signs posted warning customers to place plastic fuel containers ...
A dual turbocharger system installed on a small block Chevrolet V-8 engine. A dual turbocharger system installed on a small block Chevrolet V-8 engine.
Ice Age Sea Level Ice Age Sea Level
Stock Market Tracks Growth in GDP Stock Market Tracks Growth in GDP
Video: Primate Evolutionary Tree Animation

For a complete list of videos, visit our video library