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

Author Question: The U.S. oil industry has only a few firms in it, so an economists is likely to describe the industry as (Read 44 times)

c0205847

  • Hero Member
  • *****
  • Posts: 531
on: May 24, 2019
The U.S. oil industry has only a few firms in it, so an economists is likely to describe the industry as
◦ a monopoly.
◦ an oligopoly.
◦ perfectly competitive.
◦ monopolistically competitive.
◦ Both answers perfectly competitive and monopolistically competitive can be correct.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by c0205847 on May 24, 2019

gasdhashg

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: May 24, 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 29% of students answer this correctly


c0205847

  • Hero Member
  • *****
  • Posts: 531
Reply #2 on: May 24, 2019
Thank you!


gasdhashg

  • Sr. Member
  • ****
  • Posts: 335
Reply #3 on: May 24, 2019
Always glad to help...


« previous next »
 

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

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?

Though “Krazy Glue” or “Super Glue” has the ability to seal small wounds, it is not recommended for this purpose since it contains many substances that should not enter the body through the skin, and may be harmful.

Four main models that describe the relationship between ecosystem function and biodiversity. Four main models that describe the relationship between ecosystem function and biodiversity.
Economic objectives of firms Economic objectives of firms
Describe the Conceptual Forecasting Framework in your own words. Describe the Conceptual Forecasting Framework in your own words.
Describe the Conceptual Forecasting Framework in your own words. Describe the Conceptual Forecasting Framework in your own words.
IMAGES THAT DESCRIBE CELLULAR PARTS IMAGES THAT DESCRIBE CELLULAR PARTS
The Oil Industry: BOEM iron triangle The Oil Industry: BOEM iron triangle
Video: Properties of macromolecules (Explained with No Audio)

For a complete list of videos, visit our video library