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

Author Question: In ________ the market is flooded with companies that sell essentially the same commodity-like ... (Read 38 times)

PhilipSeeMore

  • Hero Member
  • *****
  • Posts: 561
on: Jul 6, 2018
In ________ the market is flooded with companies that sell essentially the same commodity-like product and customer responsiveness to changes in price is high.
 
  A) monopsony
  B) monopoly
  C) oligopoly
  D) monopolistic competition
  E) perfect competition

Question 2

Which of the following markets is most likely to display the characteristics of monopolistic competition?
 
  A) the market for agricultural products
  B) the retail trade
  C) the market for steel
  D) the market for household appliances
  E) local utilities


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

juwms

  • Sr. Member
  • ****
  • Posts: 337
Reply #1 on: Jul 6, 2018
Answer to Question 1

E

Answer to Question 2

B


PhilipSeeMore

  • Member
  • Posts: 561
Reply 2 on: Jul 6, 2018
Great answer, keep it coming :)

miss_1456@hotmail.com

  • Member
  • Posts: 289
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Did you know?

About 600,000 particles of skin are shed every hour by each human. If you live to age 70 years, you have shed 105 pounds of dead skin.

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Walter Thompson saw his assets evaporate during the stock market collapse in 1929. Desperate for ... Walter Thompson saw his assets evaporate during the stock market collapse in 1929. Desperate for ...
Hydroelectric power: 2013 Global Market Hydroelectric power: 2013 Global Market
Stock Market Question Stock Market Question
The enthalpy change for converting 10.0 g of ice at -25.0 C to water at 80.0 C is ________ kJ. ... The enthalpy change for converting 10.0 g of ice at -25.0 C to water at 80.0 C is ________ kJ. ...
A car wash reduced the price of a basic wash as a promotion and test of the market. With the ... A car wash reduced the price of a basic wash as a promotion and test of the market. With the ...
Juan's Software Service Company is in a perfectly competitive market. Juan has total fixed ... Juan's Software Service Company is in a perfectly competitive market. Juan has total fixed ...
Video: Introduction to Heart Attacks

For a complete list of videos, visit our video library