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

Author Question: A market with a single seller is called A) perfectly competitive. B) monopolistically competitive. ... (Read 66 times)

cmoore54

  • Hero Member
  • *****
  • Posts: 568
on: Jun 30, 2018
A market with a single seller is called
 A) perfectly competitive.
  B) monopolistically competitive.
  C) a monopoly.
  D) an oligopoly.

Question 2

What characteristics distinguish private goods from public goods?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

memslove

  • Sr. Member
  • ****
  • Posts: 321
Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

Private goods are excludable and rivalrous, while public goods are nonexcludable and nonrival in nature.


cmoore54

  • Member
  • Posts: 568
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

mohan

  • Member
  • Posts: 362
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

There are 60,000 miles of blood vessels in every adult human.

Did you know?

Chronic marijuana use can damage the white blood cells and reduce the immune system's ability to respond to disease by as much as 40%. Without a strong immune system, the body is vulnerable to all kinds of degenerative and infectious diseases.

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

Single-gene inheritance tracked at the DNA level Single-gene inheritance tracked at the DNA level
Platycnemididae are a family of damselfly called white-legged damselflies. Platycnemididae are a family of damselfly called white-legged damselflies.
Block Diagram of Single-stage Pressure System for Dual-Stage Pressure Production of Nitric Acid Block Diagram of Single-stage Pressure System for Dual-Stage Pressure Production of Nitric Acid
Competitive drug enzyme immunoassay. Competitive drug enzyme immunoassay.
Project Management: Achieving Competitive Advantage Project Management: Achieving Competitive Advantage
The effects of a single crossover in a paracentric inversion heterozygote The effects of a single crossover in a paracentric inversion heterozygote
Video: Glucose Evaluation Procedure

For a complete list of videos, visit our video library