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

Author Question: Which of the following would likely be an example of a monopolistic industry? a. fast-food ... (Read 67 times)

rachel9

  • Sr. Member
  • ****
  • Posts: 495
on: Jun 30, 2018
Which of the following would likely be an example of a monopolistic industry?
 a. fast-food restaurants
  b. cell phone service
 c. auto manufacturing
  d. none of the above

Question 2

People who call for creating a level playing field believe that:
 a. a country with relatively low wages is typically a country with an abundance of low-skilled labor.
  b. trading on the basis of comparative advantage benefits both domestic and foreign firms.
  c. creating a level playing field undermines the basis for specialization and economic efficiency.
  d. production in accordance with comparative advantage is unfair.
  e. free trade allocates the scarce resources in an efficient way.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

rleezy04

  • Sr. Member
  • ****
  • Posts: 322
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

d


rachel9

  • Sr. Member
  • ****
  • Posts: 495
Reply #2 on: Jun 30, 2018
Thank you


rleezy04

  • Sr. Member
  • ****
  • Posts: 322
Reply #3 on: Jun 30, 2018
No problemo


« previous next »
 

Did you know?

Sildenafil (Viagra®) has two actions that may be of consequence in patients with heart disease. It can lower the blood pressure, and it can interact with nitrates. It should never be used in patients who are taking nitrates.

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

Did you know?

The average human gut is home to perhaps 500 to 1,000 different species of bacteria.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

There are more bacteria in your mouth than there are people in the world.

Defensive mutualism involves species that receive food or shelter in return for providing protection Defensive mutualism involves species that receive food or shelter in return for providing protection
A marine food web in action: feeding baleen whales and birds. A marine food web in action: feeding baleen whales and birds.
Sustainable Food Security Sustainable Food Security
Reducing Pesticides in Food Reducing Pesticides in Food
Food Safety and Technology Food Safety and Technology
Do you know how fast you should be going? Do you know how fast you should be going?
Video: Neuron structure and function - sensory neurons, association neurons & motor neurons

For a complete list of videos, visit our video library