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Author Question: A market with a single seller is called A) perfectly competitive. B) monopolistically competitive. ... (Read 117 times)

cmoore54

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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?


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memslove

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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

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Reply 2 on: Jun 30, 2018
Gracias!

laurnthompson

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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