« previous next »

Author Question: All of these are characteristics of a competitive industry, except: a. Many substitutes b. No ... (Read 36 times)

jasdeep_brar

  • Hero Member
  • *****
  • Posts: 569
on: Jul 1, 2018
All of these are characteristics of a competitive industry, except:
 a. Many substitutes
 b. No barriers to entry
 c. Homogenous product
 d. Little or no information on rivals' products

Question 2

If the bidders at an oral 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


kxciann

  • Sr. Member
  • ****
  • Posts: 356
Reply #1 on: Jul 1, 2018
Answer to Question 1

d

Answer to Question 2

c


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

Did you know?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

Characteristics of the three types of muscles. Characteristics of the three types of muscles.
Principal Characteristics of REM and Slow-Wave Sleep Principal Characteristics of REM and Slow-Wave Sleep
A passenger train crosses Stony Creek Bridge in the Rocky Mountains in 1878. Railroads were importan A passenger train crosses Stony Creek Bridge in the Rocky Mountains in 1878. Railroads were importan
Nanomaterials Applications and Industry Used Nanomaterials Applications and Industry Used
Changes in Land Configuration and Surface Characteristics Changes in Land Configuration and Surface Characteristics
Project Management: Achieving Competitive Advantage, 5th Edition Project Management: Achieving Competitive Advantage, 5th Edition
Video: Role of complement proteins

For a complete list of videos, visit our video library