When judging the competitiveness of markets by the size and number of firms in that market, one is using the:
A. "judgment by antitrust" criteria.
B. "judgment by structure" criteria.
C. "judgment by performance" criteria.
D. "judgment by merger" criteria.
Answer: B
You might also like to view...
The long-run equilibrium of a monopolistic competitor differs from the long-run equilibrium of a perfect competitor in that
A) the monopolistic competitor makes economic profits. B) the monopolistic competitor sets price equal to marginal cost. C) the monopolistic competitor produces at the minimum point of its average total cost curve. D) the monopolistic competitor charges a price that exceeds marginal cost.
Over the past several years, consumers have had an increasing interest in getting a tattoo. This means that the ________ for tattoos has ________.
A) demand; increased B) quantity demanded; increased C) quantity demanded; decreased D) demand; decreased