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

Author Question: Perfectly competitive industries are characterized by a homogeneous product. (Read 67 times)

abc

  • Hero Member
  • *****
  • Posts: 543
on: Apr 19, 2019

Question 1

Economists do 
not consider the smartphone industry perfectly competitive because


◦ the government strictly regulates entry and exit.
◦ smartphones are heterogeneous.
◦ smartphone manufacturers each have a small market share.
◦ there are a large number of smartphone manufacturers.

Question 2

Perfectly competitive industries are characterized by a homogeneous product.


◦ true
◦ false
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by abc on Apr 19, 2019

allisonblackmore

  • Sr. Member
  • ****
  • Posts: 330
Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 58% of students answer this correctly


abc

  • Hero Member
  • *****
  • Posts: 543
Reply #2 on: Apr 19, 2019
Thanks


allisonblackmore

  • Sr. Member
  • ****
  • Posts: 330
Reply #3 on: Apr 19, 2019
Welcome :)


« previous next »
 

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

Productivity in Selected Industries in the Early 1990s Productivity in Selected Industries in the Early 1990s
Overallocation of Labor to Farming When Farmworkers Are Paid Their Average Product Overallocation of Labor to Farming When Farmworkers Are Paid Their Average Product
Product Rule Product Rule
Find the derivative using the product rule Find the derivative using the product rule
Excel hardware is introducing a new product on a new product line of capacity 800 units per ... Excel hardware is introducing a new product on a new product line of capacity 800 units per ...
The phenotype of an organism is the product of interactions The phenotype of an organism is the product of interactions
Video: Acids and bases - definition

For a complete list of videos, visit our video library