« previous next »

Author Question: Which real-world market most closely approximates perfect competition? a. the stock market b. ... (Read 42 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?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Rafflesia arnoldii, the world's biggest flower, lives as a parasite in Indonesian rain forests. Rafflesia arnoldii, the world's biggest flower, lives as a parasite in Indonesian rain forests.
Filippo Brunelleschi, Sacrifice of Isaac, competition relief commissioned for the doors of the ... Filippo Brunelleschi, Sacrifice of Isaac, competition relief commissioned for the doors of the ...
Globalization and Diversity: Geography of a Changing World, 4th Edition Globalization and Diversity: Geography of a Changing World, 4th Edition
Cause of world war II Cause of world war II
Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ... Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ...
Real skeleton of a lion Real skeleton of a lion
Video: Griffith's experiments

For a complete list of videos, visit our video library