If the market was a monopoly, the quantity would be ________ and the price would be ________; if the market tis perfectly competitive, the quantity would be ________ and the price would be ________

A) Q1; P1; Q2; P2
B) Q2; P1; Q1; P2
C) Q1; P1; Q2; P1
D) Q1; P2; Q2; P1
E) Q1; P2; Q1; P1

D

Economics

You might also like to view...

The Lithuanian tax rate for all citizens' income is 24 percent. If the Lithuanian government was concerned about income inequality, they should change the tax system from a system that is currently ________ to a system that is ________

A) progressive; proportional B) regressive; progressive C) proportional; progressive D) proportional; regressive

Economics

Which of the following is most likely to be a major source of growth in per capita GDP?

a. A high investment / GDP ratio b. A high rate of inflation c. Rapid population growth d. Rapid growth in the money supply

Economics