The distinguishing characteristics of different market structures include
a. how frequently the product is purchased
b. the extent of capitalization in the industry
c. the presence or absence of technological innovation
d. the presence or absence of collusion
e. both the number of sellers and the number of buyers
E
You might also like to view...
What are the types of market power? How do they arise?
What will be an ideal response?
Suppose the government of a small open economy reduces its spending, so that national saving increases. The result is
A) an increase in the real interest rate. B) an increase in net exports. C) a decrease in the real interest rate. D) an increase in investment.
If the interest rate were to rise, we expect that
A) autonomous expenditures will rise. B) the supply of money will fall. C) the amount of money people want to hold will rise. D) the amount of money people want to hold will fall.
If it costs View Your World, a high-end window manufacturer, $30 per window to install a higher quality glass in its windows and consumers will pay an additional $28 per window for the improvement, which of the following is true?
A) View Your World should not install the higher quality glass because the marginal revenue from the quality enhancement exceeds the marginal cost. B) View Your World should install the higher quality glass because the marginal revenue from the quality enhancement is less than the marginal cost. C) View Your World should install the higher quality glass because the marginal revenue from the quality enhancement exceeds the marginal cost. D) View Your World should not install the higher quality glass because the marginal revenue from the quality enhancement is less than the marginal cost.