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

Author Question: The concept of market structure refers to three main characteristics of buyers and sellers in a ... (Read 90 times)

asan beg

  • Hero Member
  • *****
  • Posts: 570
on: Jul 1, 2018
The concept of market structure refers to three main characteristics of buyers and sellers in a particular market. These include ____.
 a. the degree of seller and buyer concentration in the market
  b. the degree of actual or imagined differentiation between the products or services of competing producers
  c. the pricing behavior of the firms
  d. a and b
  e. a, b, and c

Question 2

If the bidders at a first-price auction have true values of 8, 7, 6, and 5, the item will sell for
 a. 8
  b. 7
  c. just over 7
  d. just under 7


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ASDFGJLO

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Jul 1, 2018
Answer to Question 1

d

Answer to Question 2

a


asan beg

  • Member
  • Posts: 570
Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

jordangronback

  • Member
  • Posts: 339
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

Every flu season is different, and even healthy people can get extremely sick from the flu, as well as spread it to others. The flu season can begin as early as October and last as late as May. Every person over six months of age should get an annual flu vaccine. The vaccine cannot cause you to get influenza, but in some seasons, may not be completely able to prevent you from acquiring influenza due to changes in causative viruses. The viruses in the flu shot are killed—there is no way they can give you the flu. Minor side effects include soreness, redness, or swelling where the shot was given. It is possible to develop a slight fever, and body aches, but these are simply signs that the body is responding to the vaccine and making itself ready to fight off the influenza virus should you come in contact with it.

Did you know?

Multiple experimental evidences have confirmed that at the molecular level, cancer is caused by lesions in cellular DNA.

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Plasticity of Secondary and Tertiary DNA Structure Plasticity of Secondary and Tertiary DNA Structure
How self-complementarity dictates the tertiary structure of tRNA How self-complementarity dictates the tertiary structure of tRNA
Structure and swinging arm mechanism in the mammalian fatty acid synthase complex Structure and swinging arm mechanism in the mammalian fatty acid synthase complex
Is my concept map correct? (Grade 12 Bio) Is my concept map correct? (Grade 12 Bio)
Main Theoretical Traditions in Sociology Main Theoretical Traditions in Sociology
Orientation and structure of a nephron, the functional unit of the kidney. Orientation and structure of a nephron, the functional unit of the kidney.
Video: Muscle cell structures - actin, myosin and titin filaments

For a complete list of videos, visit our video library