Which of the following statements is true the

Which of the following statements is true?
The products he produces are unique and varied.
No determination about his products can be made.
The products he produces are similar but are differentiated by advertising.
The products he produces are identical and thus homogeneous.

6/21/2020 Sophia :: Welcome
CONCEPT
Perfect Competition
7
BWCT is a mining company that operates the world's exclusive mining site to harvest a new metal.
Assuming it is a monopoly, which of the following statements is least likely concerning entry and exit in
this market currently?
5/14
CONCEPT
Monopoly
8
Which example below represents a fixed input?

6/21/2020 Sophia :: Welcome
Utility bills
CONCEPT
Production Function and Constraints
9
Which of the following is NOT a trait of monopolistic competition?
6/14
CONCEPT
Cost: Total, Marginal and Average
11
CONCEPT
Monopolistic Competition
10
Average total costs are equal to __________.
fixed costs plus variable costs
total cost minus quantity provided
average variable plus average fixed costs
marginal cost as production increases

6/21/2020 Sophia :: Welcome
Which type of firms will belong to a decreasing cost industry at high output levels?
7/14
Based on the descriptions below of different jobs Nancy has held, which would qualify as an oligopoly?