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Author Question: A market structure in which identical goods are produced by several different firms and sold at the ... (Read 91 times)

acc299

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on: Jun 29, 2018
A market structure in which identical goods are produced by several different firms and sold at the market determined price is referred to as:
 
  A) an oligopoly.
  B) a monopoly.
  C) perfect competition.
  D) monopolistic competition.

Question 2

When y changes, x stays the same. The line depicting this relationship would be
 
  A) vertical.
  B) horizontal.
  C) linear with a negative slope.
  D) linear with a positive slope.


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lolol

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

C

Answer to Question 2

A


acc299

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

covalentbond

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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