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Author Question: Which of the following is a market structure of monopoly? a. Few firms operating as price takers. ... (Read 81 times)

silviawilliams41

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on: Jun 30, 2018
Which of the following is a market structure of monopoly?
 a. Few firms operating as price takers.
  b. Single firm operating as a price taker.
  c. Single firm that is a price maker.
  d. All of these are true.

Question 2

The amount by which an additional unit of a good or service increases a consumer's total utility is:
 a. marginal bliss.
  b. marginal benefit.
  c. marginal utility.
  d. marginal.


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harveenkau8139

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

c

Answer to Question 2

c


silviawilliams41

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  • Posts: 560
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

peter

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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