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

Author Question: Which of the following best illustrates a perfectly competitive market? a. Soft drinks. b. ... (Read 53 times)

neverstopbelieb

  • Hero Member
  • *****
  • Posts: 534
on: Jun 30, 2018
Which of the following best illustrates a perfectly competitive market?
 a. Soft drinks.
  b. Automobiles.
  c. Electric power.
  d. Soybean farmers.

Question 2

The price elasticity of demand coefficient for a good will be greater:
 a. if close substitutes exist.
  b. if minor complements exist.
  c. in the short-run.
  d. if a small portion of the budget will be spent on it.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

AISCAMPING

  • Sr. Member
  • ****
  • Posts: 347
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

a


neverstopbelieb

  • Member
  • Posts: 534
Reply 2 on: Jun 30, 2018
Wow, this really help

dyrone

  • Member
  • Posts: 322
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

Did you know?

Alcohol acts as a diuretic. Eight ounces of water is needed to metabolize just 1 ounce of alcohol.

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Did you know?

No drugs are available to relieve parathyroid disease. Parathyroid disease is caused by a parathyroid tumor, and it needs to be removed by surgery.

Horses need to lie down occasionally, and prefer soft ground for a nap. Horses need to lie down occasionally, and prefer soft ground for a nap.
Soft-Coated Wheaten Terrier Soft-Coated Wheaten Terrier
The anterior pituitary is sometimes called the master gland because it secretes many hormones that r The anterior pituitary is sometimes called the master gland because it secretes many hormones that r
Non-competitive inhibition Non-competitive inhibition
The oxygen isotope curve illustrates the ratio between 16O and 18O. The oxygen isotope curve illustrates the ratio between 16O and 18O.
This chart illustrates the four quadrants in which we can place the relationships between the state This chart illustrates the four quadrants in which we can place the relationships between the state
Video: Protein catabolism - deamination

For a complete list of videos, visit our video library