« previous next »

Author Question: Which real-world market most closely approximates perfect competition? a. the stock market b. ... (Read 76 times)

ghost!

  • Hero Member
  • *****
  • Posts: 560
on: Jun 30, 2018
Which real-world market most closely approximates perfect competition?
 a. the stock market
  b. automobiles
  c. higher education
  d. cable television services
  e. retail clothing stores

Question 2

In the monopoly market structure, new firms
 a. cannot profitably enter the industry, even in the long run
  b. may freely enter and leave the industry in both the short run and the long run
  c. may freely enter and leave the industry in the long run only
  d. may freely enter and leave the industry in the short run only
  e. have no incentive to enter the industry, even if economic profits are present


Fayaz00962

  • Sr. Member
  • ****
  • Posts: 330
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

Sugar Cube-Sized Robotic Ants Mimic Real Foraging Behavior Sugar Cube-Sized Robotic Ants Mimic Real Foraging Behavior
The “Big Four” world leaders meet at the Hotel Crillon in Paris, 1919. From left to right (front row The “Big Four” world leaders meet at the Hotel Crillon in Paris, 1919. From left to right (front row
Global Stratification: Income of the World's Nations Global Stratification: Income of the World's Nations
World Regional Geography World Regional Geography
Penicillin saved the lives of many soldiers in World War II Penicillin saved the lives of many soldiers in World War II
ADHD (Stock photo) ADHD (Stock photo)
Video: Evolutionary tree of life Animation

For a complete list of videos, visit our video library