The "high-tech revolution" grew out of many tiny start-up operations. This is an argument that more technological change occurs in ________ market structures.
A. oligopolistic
B. duopoly
C. monopoly
D. more competitive
Answer: D
You might also like to view...
One reason a computer manufacturer may produce its own microchips rather than buy them is that it can maintain control over production quality
a. True b. False
The European Monetary System (EMS) relied on the ______ to maintain fixed rates of exchange, but in 1992, several notable defections from the system created doubt that a monetary union could occur.
A) euro B) U.S. dollar C) the European currency unit (ECU) D) ERM
Monopolistic competition is an industry in which products are differentiated, but in oligopolies products are standardized.
Answer the following statement true (T) or false (F)
A monopolist sells its output in two markets, each with different demand curves as shown in this figure. If the marginal cost is identical in both markets, the monopolist should charge a ______ price in the inelastic market, represented by the demand curve ______.
Fill in the blank(s) with the appropriate word(s).