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 60 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!

xiaomengxian

  • Member
  • Posts: 311
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Did you know?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Did you know?

The largest baby ever born weighed more than 23 pounds but died just 11 hours after his birth in 1879. The largest surviving baby was born in October 2009 in Sumatra, Indonesia, and weighed an astounding 19.2 pounds at birth.

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Mackerel tabby, showing the characteristic "M" on its forehead. Mackerel tabby, showing the characteristic "M" on its forehead.
Psoriasis. This photograph demonstrates the characteristic white skin patches of this condition. Psoriasis. This photograph demonstrates the characteristic white skin patches of this condition.
In 1891 William Dean Howells championed the poetry of Emily Dickinson: “This poetry is as characteri In 1891 William Dean Howells championed the poetry of Emily Dickinson: “This poetry is as characteri
Defining Climate Change Defining Climate Change
Child's right hand and wrist displaying the characteristic spotted rash of Rocky Mountain ... Child's right hand and wrist displaying the characteristic spotted rash of Rocky Mountain ...
Juan's Software Service Company is in a perfectly competitive market. Juan has total fixed ... Juan's Software Service Company is in a perfectly competitive market. Juan has total fixed ...
Video: Neuron Type Animation

For a complete list of videos, visit our video library