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

Author Question: A market structure in which a small number of producers compete against each other is A) ... (Read 69 times)

craiczarry

  • Hero Member
  • *****
  • Posts: 527
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.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

srodz

  • Sr. Member
  • ****
  • Posts: 333
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

B


craiczarry

  • Member
  • Posts: 527
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

kishoreddi

  • Member
  • Posts: 329
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

The subunit structure and function of the ATP synthase The subunit structure and function of the ATP synthase
X-Ray Crystallography Helped Reveal the Structure of DNA X-Ray Crystallography Helped Reveal the Structure of DNA
The cotton-top tamarin (Saguinus oedipus), also known as the Pinche tamarin, is a small New W The cotton-top tamarin (Saguinus oedipus), also known as the Pinche tamarin, is a small New W
Common structure of nucleotides Common structure of nucleotides
Children with Down syndrome have a small head, short, thick neck, flattened face, and a distinctive ... Children with Down syndrome have a small head, short, thick neck, flattened face, and a distinctive ...
Video: Carbohydrate Metabolism: Introduction to renal processes and filtrate formation and composition

For a complete list of videos, visit our video library