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Author Question: The two theoretical extremes of the market structure spectrum are occupied at one end by perfect ... (Read 155 times)

moongchi

  • Hero Member
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  • Posts: 516
on: Jun 30, 2018
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


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Jayson

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

True

Answer to Question 2

True


moongchi

  • Member
  • Posts: 516
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

cdmart10

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  • Posts: 332
Reply 3 on: Yesterday
:D TYSM

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