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Author Question: Pure monopoly: a. is characterized by a single supplier. b. is a market structure in which no close ... (Read 67 times)

yoooooman

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on: Jun 30, 2018
Pure monopoly:
 a. is characterized by a single supplier.
 b. is a market structure in which no close substitute products are available.
 c. exists when entry and survival of potential competitors is extremely unlikely.
  d. is characterized by all of the above.

Question 2

A country with a strong bargaining power is likely to direct the terms of trade in its favor.
 a. True
  b. False
  Indicate whether the statement is true or false


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rachel

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Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

True


yoooooman

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

Sarahjh

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Reply 3 on: Yesterday
Excellent

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