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 33 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
Thanks for the timely response, appreciate it

hramirez205

  • Member
  • Posts: 345
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Did you know?

The lipid bilayer is made of phospholipids. They are arranged in a double layer because one of their ends is attracted to water while the other is repelled by water.

Did you know?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

A small sample of the great diversity of seed sizes and shapes. A small sample of the great diversity of seed sizes and shapes.
Why Cells Are Small Why Cells Are Small
Normal development of posture and spinal curves. (A) Toddler: Protruding abdomen; lumbar lordosis. ( Normal development of posture and spinal curves. (A) Toddler: Protruding abdomen; lumbar lordosis. (
Impacts of rising sea level Impacts of rising sea level
Preserve Your Vitamins! Cook your vegetables in a small amount of water Preserve Your Vitamins! Cook your vegetables in a small amount of water
Find the factor demand for labour and the amount of output it will produce. Show all ... Find the factor demand for labour and the amount of output it will produce. Show all ...
Video: Pericarditis

For a complete list of videos, visit our video library