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

Author Question: Which of the following is inconsistent with the model of perfect competition? a. ease of entry into ... (Read 126 times)

Zulu123

  • Hero Member
  • *****
  • Posts: 525
on: Jun 30, 2018
Which of the following is inconsistent with the model of perfect competition?
 a. ease of entry into an industry
  b. ease of exit from an industry
  c. many buyers and sellers in the industry
  d. advertising of product differences in the industry
  e. a horizontal demand curve facing each firm in the industry

Question 2

Special-interest groups, such as the pharmaceutical lobby, often get what they demand because
 a. politicians are rationally ignorant
  b. voters are rationally ignorant
  c. they engage in logrolling
  d. they represent the median voter
  e. none of the above


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

pocatato

  • Sr. Member
  • ****
  • Posts: 333
Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

B


Zulu123

  • Member
  • Posts: 525
Reply 2 on: Jun 30, 2018
:D TYSM

sultana.d

  • Member
  • Posts: 320
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

Did you know?

Approximately one in three babies in the United States is now delivered by cesarean section. The number of cesarean sections in the United States has risen 46% since 1996.

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Fluid-mosaic model of membrane structure Fluid-mosaic model of membrane structure
Discipline-specific training can take years to perfect. Discipline-specific training can take years to perfect.
Sexual swellings are one way for females to advertise their mating availability, thereby inducing ma Sexual swellings are one way for females to advertise their mating availability, thereby inducing ma
A Mental Model A Mental Model
The Solow Model Incorporating Population Growth The Solow Model Incorporating Population Growth
The Steady State of the Solow Model The Steady State of the Solow Model
Video: Introduction to Heart Attacks

For a complete list of videos, visit our video library