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Author Question: Firms in a(n) ________ produce an efficient scale of output. A) monopolistically competitive ... (Read 80 times)

Beheh

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on: Jun 29, 2018
Firms in a(n) ________ produce an efficient scale of output.
 
  A) monopolistically competitive market
  B) monopoly market
  C) oligopoly market with differentiated products
  D) perfectly competitive market

Question 2

A consumer has 50 to spend. He has to decide between buying two goods: magazines priced at 5 each and DVDs priced at 10 each. Which of the following combinations of the two goods will exactly satisfy his budget constraint?
 
  A) 3 magazines and 4 DVDs
  B) 2 magazines and 4 DVDs
  C) 6 magazines and 1 DVD
  D) 2 magazines and 2 DVDs


Ddddd

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

D

Answer to Question 2

B


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