C7_ReviewQuestions_2010-04-02

C7_ReviewQuestions_2010-04-02 - R7.3 Which of the following...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Review Questions for Chapter 7 – Market Structures ECON 303 Managerial Economics, Spring 2010 Edward L. Millner , Department of Economics Copyright Millner 2009-10 R7.1 Which of the four basic market structures best characterizes the retail restaurant industry in Richmond? Why? R7.2 Give an example not discussed in class of an oligopoly. Explain why you choose this industry.
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Background image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: R7.3 Which of the following is necessary for a firm to earn abnormally high rates of return in the long run? A. Barriers to entry B. A superior product C. Strong and effective management D. A complex and changing environment Print this sheet and record your answers on the printout, and bring the printout with your answers to class. Show your work!...
View Full Document

{[ snackBarMessage ]}

Page1 / 2

C7_ReviewQuestions_2010-04-02 - R7.3 Which of the following...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online