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 68 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
Gracias!

okolip

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

« previous next »
 

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

Did you know?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Erythrocytes (red blood cells) moving through a capillary in single file. Erythrocytes (red blood cells) moving through a capillary in single file.
Single atoms form the nodes of an elementary quantum network Single atoms form the nodes of an elementary quantum network
The anterior pituitary is sometimes called the master gland because it secretes many hormones that r The anterior pituitary is sometimes called the master gland because it secretes many hormones that r
A thin cleft, called the synapse, separates one cell from another. A thin cleft, called the synapse, separates one cell from another.
A nerve cell (neuron) has extensions called dendrites A nerve cell (neuron) has extensions called dendrites
Homologous recombination: single versus double crossovers Homologous recombination: single versus double crossovers
Video: Lipid absorption - end products & transport mechanism

For a complete list of videos, visit our video library