Some markets have many buyers and sellers but fall into the category of monopolistic competition rather than perfect competition. The most common reason for this is
A) firms in these markets make high profits.
B) there are high barriers to entering these markets.
C) firms in these markets sell identical products.
D) firms in these markets do not sell identical products.
D
Economics
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An industry is said to be a natural monopoly when
a. legal barriers limit entry into the market. b. diseconomies of scale are present in the market. c. the market demand for the product supplied by a firm is inelastic. d. long-run ATC continues to decline as firm size increases. e. larger firms have higher per-unit costs than their smaller rivals.
Economics
Which of the following is the correct way to compute the future value of $X that earns r percent interest for N years?
a. $X(1 + rN)N b. $X(1 + r)N c. $X(1 + rN) d. $X(1 + r/N)N
Economics