« previous next »

Author Question: Which of the following markets is closest to a monopoly? A) a firm with a 90 market share B) the ... (Read 126 times)

jeatrice

  • Hero Member
  • *****
  • Posts: 543
on: Jul 1, 2018
Which of the following markets is closest to a monopoly?
 
  A) a firm with a 90 market share
  B) the only gas station for 100 miles
  C) cable television
  D) garbage disposal

Question 2

Firms that exhibit price-taking behavior
 
  A) wait for other firms to set price, take it as given, and charge a higher price.
  B) have outputs that are too small to influence market price and thus take it as given.
  C) take pricing behavior in their own hands.
  D) are independently capable of setting price.
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


mceravolo

  • Sr. Member
  • ****
  • Posts: 349
Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Vampire bats have a natural anticoagulant in their saliva that permits continuous bleeding after they painlessly open a wound with their incisors. This capillary blood does not cause any significant blood loss to their victims.

Did you know?

After a vasectomy, it takes about 12 ejaculations to clear out sperm that were already beyond the blocked area.

Did you know?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

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.

Women who are monozygotic twins and have the same genes are more similar in their marital happiness Women who are monozygotic twins and have the same genes are more similar in their marital happiness
Fraternal twins share about 50 percent of their segregating genes. Fraternal twins share about 50 percent of their segregating genes.
The hazmat training pyramid. It is important to train from the ground up, starting with a firm grasp ... The hazmat training pyramid. It is important to train from the ground up, starting with a firm grasp ...
Firm handshake Firm handshake
Management Information Systems: Managing the Digital Firm, 15th Edition Management Information Systems: Managing the Digital Firm, 15th Edition
The Economics of Money, Banking and Financial Markets, Business School Edition The Economics of Money, Banking and Financial Markets, Business School Edition
Video: Cardiac Cycle (Part 4 of 4)

For a complete list of videos, visit our video library