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

Author Question: Market structure is defined as the: a. number of firms in each industry. b. similarity of the ... (Read 16 times)

MGLQZ

  • Hero Member
  • *****
  • Posts: 579
on: Jun 30, 2018
Market structure is defined as the:
 a. number of firms in each industry.
  b. similarity of the product sold.
  c. ease of entry into and exit from the market.
  d. all of these.

Question 2

Demand sensitivity depends on all of the following except:
 a. how low is the price of the good.
  b. the sensitivity of firms' output to changes in its price.
  c. the consumer's income.
  d. the availability and closeness of substitutes.
  e. the amount of time a consumer has to adjust to price changes.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ktidd

  • Sr. Member
  • ****
  • Posts: 319
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

b


MGLQZ

  • Member
  • Posts: 579
Reply 2 on: Jun 30, 2018
Excellent

alexanderhamilton

  • Member
  • Posts: 334
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

The structure of the rib cage. The structure of the rib cage.
The a helix, a common secondary structure in proteins The a helix, a common secondary structure in proteins
Structure and Location of Astrocytes Structure and Location of Astrocytes
Crystal structure of a synthetic Holliday junction Crystal structure of a synthetic Holliday junction
Structure of Bone Structure of Bone
Acetylation and deacetylation in open and closed chromatin structure Acetylation and deacetylation in open and closed chromatin structure
Video: Virtual Tour of the Eye Animation

For a complete list of videos, visit our video library