The market structure of perfect competition exists when
A. there are many producers of a homogeneous product.
B. there are many producers of differentiated products.
C. there is a single producer of a product.
D. there are a small number of interdependent firms that constitute the entire market.
Answer: A
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The purchase of more than ten percent of the shares of a foreign company is known as a(n)
A) World Bank investment. B) portfolio investment. C) foreign direct investment. D) International Monetary Fund (IMF) investment.
Based on the information in the table above, what is the relationship between x and y?
A) direct B) inverse C) positive D) No relationship exists between x and y.
Structural unemployment will decline if:
a. more seasonal work becomes available. b. the government increases taxes to support more welfare programs. c. consumer spending on new technology decreases. d. computerized job-search systems are improved. e. retrained workers can move to areas where new jobs are available.
Producer surplus refers to
a. the difference between the market price for a good and the minimum price the producer would accept b. the difference between the market price for a good and the maximum price a consumer would be willing to pay c. the excess supply a firm produces for the market d. the profit a producers receives for a good e. the difference between consumer surplus and the price of the good