A market in which a homogenous product is sold is

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A market in which a homogenous product is sold is Selected Answer: Perfect competition Answers: Monopoly Oligopoly Monopolistic competition Perfect competition
Question 9 1.00000 out of 1.00000 points A market which only has differentiated products is
Question 10 0.00000 out of 1.00000 points In the long run, a shift in the demand curve to the left in the competitive market means
Price will increase New firms enter the market The price will decrease and firms will exit the market Question 11 0.00000 out of 1.00000 points One of the key assumptions of perfect competition is
Question 12 1.00000 out of 1.00000 points A market which has substantial barriers to entry and a unique product is Selected Answer: Monopoly Answers: Perfect competition Monopolistic competition Monopoly Oligopoly

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