econ._ch._12

econ._ch._12 - 1.2-Because not many people buy them. Not...

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Nancy Crawley Ch. 12 1.1- Monopolistically markets sell similar items not identical and in perfectly competitive markets they do. PCM= book store and glass shop MCM=car industries and fast food places
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Unformatted text preview: 1.2-Because not many people buy them. Not necessarily because someone may love them enough that they will continuously buy them. 2.5- A. 3 DVDs, $4, $8.50 B. $9.50, $4.50...
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