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 80 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
YES! Correct, THANKS for helping me on my review

emsimon14

  • Member
  • Posts: 344
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

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?

There are 60,000 miles of blood vessels in every adult human.

Did you know?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

Vienna: Social Structure and Social Interaction Vienna: Social Structure and Social Interaction
Ileal conduit. A segment of ileum is separated from the small intestine and formed into a tubular ... Ileal conduit. A segment of ileum is separated from the small intestine and formed into a tubular ...
A model for the RuvA-RuvB-Holliday junction structure A model for the RuvA-RuvB-Holliday junction structure
How to use the discriminant to determine the number of roots for any quadratic equation How to use the discriminant to determine the number of roots for any quadratic equation
Structure of Bone Structure of Bone
The density of Pb(s) is 11.34 g/cm3. Pb(s) exists in the cubic-closest packed structure The density of Pb(s) is 11.34 g/cm3. Pb(s) exists in the cubic-closest packed structure
Video: The 4 steps of translation Animation

For a complete list of videos, visit our video library