A competitive market structure differs from the monopoly, oligopoly, and monopolistic competition structures in the
A) producers' ability to set price.
B) profit maximization condition.
C) amount of long-run profit.
D) entry conditions.
A
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An internationally discriminating monopolist will maximize its profits if it sets quantity where:
a. MC = P in the home market and MC = MR in the foreign market. b. MC = MR in the home market and MC = P in the foreign market. c. MC = P in both the home and foreign markets. d. MC = MR in both the home and foreign markets.
The main differences between the bank and the nonbank institutions include all of the following EXCEPT
A) banks are regulated by the Fed while nonbank institutions are not. B) banks obtain the funds to buy investment by attracting deposits while nonbank institutions borrow funds. C) banks hold more equity then nonbank institutions. D) banks' balance sheets include assets and liabilities while nonbank institutions' balance sheets include only liabilities.