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

Author Question: Market structure describes which of the following characteristics? a. The ease of entry into and ... (Read 68 times)

imowrer

  • Hero Member
  • *****
  • Posts: 514
on: Jun 30, 2018
Market structure describes which of the following characteristics?
 a. The ease of entry into and exit from the market.
  b. The similarity of the product sold.
  c. The number of firms in each industry.
  d. All of these are true.

Question 2

In the short run, consumers typically ____ to price changes (when compared to the long run).
 a. are very responsive
  b. are more demand sensitive
  c. are less demand sensitive
  d. do not respond at all
  e. overreact


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

firehawk60

  • Sr. Member
  • ****
  • Posts: 315
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

c


imowrer

  • Member
  • Posts: 514
Reply 2 on: Jun 30, 2018
Gracias!

samiel-sayed

  • Member
  • Posts: 337
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

Did you know?

The training of an anesthesiologist typically requires four years of college, 4 years of medical school, 1 year of internship, and 3 years of residency.

Did you know?

Though Candida and Aspergillus species are the most common fungal pathogens causing invasive fungal disease in the immunocompromised, infections due to previously uncommon hyaline and dematiaceous filamentous fungi are occurring more often today. Rare fungal infections, once accurately diagnosed, may require surgical debridement, immunotherapy, and newer antifungals used singly or in combination with older antifungals, on a case-by-case basis.

Did you know?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

The functional structure of the peripheral nervous system. (A) Afferent or sensory neurons carry sen The functional structure of the peripheral nervous system. (A) Afferent or sensory neurons carry sen
Antibody Structure Antibody Structure
Vienna: Social Structure and Social Interaction Vienna: Social Structure and Social Interaction
Morphological differences in shell characteristics and head colouration patterns Morphological differences in shell characteristics and head colouration patterns
Markets and Institutions Market Story Problem Markets and Institutions Market Story Problem
The structure of bacteriophage T4 The structure of bacteriophage T4
Video: Coronary Heart Disease Animation

For a complete list of videos, visit our video library