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Author Question: Which of the following is a feature of a good theory? A) A good theory does not rely on data. B) ... (Read 96 times)

rl

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on: Jun 29, 2018
Which of the following is a feature of a good theory?
 
  A) A good theory does not rely on data.
  B) A good theory cannot be tested with data.
  C) A good theory is free from approximations.
  D) A good theory closely predicts actual behavior.

Question 2

In which of the following market structures does a seller have NO market power?
 
  A) Monopoly
  B) Oligopoly
  C) Perfect competition
  D) Monopolistic competition


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cam1229

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

D

Answer to Question 2

C


rl

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

bblaney

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Reply 3 on: Yesterday
Excellent

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