The two theoretical extremes of the market structure spectrum are ...

[moongchi]

The two theoretical extremes of the market structure spectrum are occupied at one end by perfect competition and on the other end by monopoly.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

A rational consumer will always shift a dollar from a good whose marginal-utility-to-price ratio is lower to one whose marginal-utility-to-price is higher.
 a. True
  b. False
  Indicate whether the statement is true or false

[Jayson]

Answer to Question 1

True

Answer to Question 2

True

[moongchi]

Wow, this really help

[bulacsom]

Thanks for the timely response, appreciate it