Which of the following pairs of market types are both characterized by having a large number of firms?
A) monopoly and oligopoly
B) monopoly and monopolistic competition
C) perfect competition and oligopoly
D) perfect competition and monopolistic competition
D
Economics
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How is it possible for marginal cost to equal to the slope of either the total variable cost function or the total cost function?
What will be an ideal response?
Economics
The new growth theory attempts to explain
a. the rate of population growth within a country. b. the rate of capital accumulation within a country. c. the factors that determine the size of the Solow residual. d. why there are diminishing returns to capital.
Economics