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Author Question: A market structure in which a small number of producers compete against each other is A) ... (Read 71 times)

craiczarry

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on: Jun 29, 2018
A market structure in which a small number of producers compete against each other is
 
  A) monopolistic competition.
  B) oligopoly.
  C) monopoly.
  D) perfect competition.

Question 2

If the price of a good increases, all else the same, then the consumer's total utility will
 
  A) increase.
  B) decrease.
  C) remain the same as consumption shifts to cheaper goods.
  D) decrease if there are no substitutes for the good and remain the same if there are substitutes for the good.


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srodz

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

B


craiczarry

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

fatboyy09

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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