Assume the production of a particular good is characterized by significant economies of scale. In addition, three different versions of the good can be produced, and large segments of the population prefer different versions of the good

In this case, the preferred market structure for this good would be: A) perfect competition.
B) monopoly.
C) monopolistic competition.
D) oligopoly.


D

Economics

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When the monopoly insurer cannot observe the care taken by the insured party to avoid an accident, the most profitable contract for it:

a. offers full insurance at a higher price than the full-information policy. b. offers full insurance at a lower price than the full-information policy. c. offers partial insurance at a higher price than the full-information policy. d. offers partial insurance at a lower price than the full-information policy.

Economics