Standardized products can appear:
A. only in perfectly competitive markets.
B. in perfectly competitive and monopolistically competitive markets.
C. in monopolistically competitive and oligopoly markets.
D. in perfectly competitive and oligopoly markets.
D. in perfectly competitive and oligopoly markets.
Economics
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Most college professors are granted tenure after six years of employment. Tenure implies a lifetime appointment. What problem does this situation create, and how can colleges minimize the problem?
What will be an ideal response?
Economics
Contestability of markets depends crucially upon
a. the nationalization of these markets b. large economies of scale c. strong brand loyalty for existing firms d. the presence of natural monopoly e. the ability of new firms to enter the market
Economics