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

Author Question: Which of the following is a defining characteristic of a perfectly competitive market? A) ... (Read 18 times)

jrubin

  • Hero Member
  • *****
  • Posts: 552
on: Jun 29, 2018
Which of the following is a defining characteristic of a perfectly competitive market?
 
  A) advertisements by well-known celebrities
  B) persistent economic profits in the long run
  C) no restrictions on entry into the industry
  D) higher prices being charged for certain name brands

Question 2

Lowering the tariff on imported ethanol
 
  A) increases domestic employment in the ethanol industry.
  B) increases the imports of ethanol.
  C) increases the domestic price of ethanol.
  D) has no effect unless the nation's trading partner also lowers its tariff on ethanol.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

phuda

  • Sr. Member
  • ****
  • Posts: 348
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

B


jrubin

  • Member
  • Posts: 552
Reply 2 on: Jun 29, 2018
Gracias!

strudel15

  • Member
  • Posts: 324
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

Asthma cases in Americans are about 75% higher today than they were in 1980.

Did you know?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

Diagram of a flagellate stramenopile cell, showing characteristic flagellar hairs. Diagram of a flagellate stramenopile cell, showing characteristic flagellar hairs.
An adult male killer whale with its characteristic tall dorsal fin swims in the waters near Tysfjord An adult male killer whale with its characteristic tall dorsal fin swims in the waters near Tysfjord
Psoriasis. This photograph demonstrates the characteristic white skin patches of this condition. Psoriasis. This photograph demonstrates the characteristic white skin patches of this condition.
Examples of NANDA defining characteristics Examples of NANDA defining characteristics
Stock Market Tracks Growth in GDP Stock Market Tracks Growth in GDP
Video: Ultrasound of a Fetus (Sonogram)

For a complete list of videos, visit our video library