The market for apples is an example of ________

A) perfect competition
B) monopolistic competition
C) monopoly
D) oligopoly

A

Economics

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The crowding-out effect is the tendency for

A) higher government budget deficits to increase total savings. B) lower private saving to decrease investment. C) higher government budget deficits to decrease investment. D) higher private savings to decrease government budget surpluses. E) lower private saving to increase the budget deficit.

Economics

The above figure shows Dana's marginal benefit curve for ice cream. If the price of ice cream is $2 per gallon and Dana is allowed to buy only 8 gallons of ice cream, then her consumer surplus on the 8th gallon is

A) $1. B) $2. C) $3. D) $8.

Economics