Which market structure has less elastic demand

Assignment Help Business Economics
Reference no: EM13898707

1. Which market structure that may have two demand elasticities

a. Competition

b. Oligopoly

c. Monopoly

2. Which market structure has less elastic demand?

a. Monopoly

b. Monopolistic competition

c. Pure competition

3. The US markets in general are moving towards

a. More competition

 

b. Less competition

Reference no: EM13898707

Questions Cloud

What would be the full economic price of this legislation : From California to New York, legislative bodies across the United States are considering eliminating or reducing the surcharges that banks impose on noncustomers, who make $14 million in withdrawals from other banks’ ATM machines. what would be the n..
Expectations may reasonably describe actual behavior : Backward-looking expectations may reasonably describe actual behavior because
If there is a permanent adverse supply shock : If there is a permanent adverse supply shock
Economy with rigid wages and prices would suffer : Confronted with an adverse supply shock, an economy with rigid wages and prices would suffer
Which market structure has less elastic demand : Which market structure that may have two demand elasticities. Which market structure has less elastic demand?
What gis and how is it related to transportation economics : What is GIS and how is it related to Transportation Economics? What can GIS do to help transportation economists to save money? What impact might GIS have on future projects in transportation?
After wage and price adjustments-ceteris paribus : Suppose that a country's workers are universally protected by COLA's and an adverse SAS shock, occurs. After wage and price adjustments, ceteris paribus, we find
Adaptive means that expected rate of inflation : If expectations are adaptive it means that the expected rate of inflation
Which of the distributions is closest to describing the us : Answer the Question on the basis of the following Census data. Which of the above distributions is closest to describing the United States? A, B, C, or D.

Reviews

Write a Review

Business Economics Questions & Answers

  The benefit of cutting down a forest

The benefit of cutting down a forest is $1 million now. the environmental cost of that harvest is $10/year forever.

  What single amount on jule is equivalent

Each cash flow is equal to $128,000. The nominal interest rate is 12% compounded semi-annually. What single amount on Jule 1, 2015 is equivalent to this cash flow system?

  Developing countries focus on exporting manufactured goods

Arguments in favor of having developing countries focus on exporting manufactured goods include

  Key element of the cournot model

Which of the following is a key element of the Cournot model?

  Views nutella and soda as perfect complements

Mr. Allen views nutella and soda as perfect complements. She always needs two tablespoons of nutella with one tablespoon of soda, U=min{J, 1/2N}. What will her optimal consumption bundle be if the price of soda is $0.25 and the price of nutella is $0..

  Write the equation for the companys isocost

Medfin Accounting Company (MAC) specializes in providing accounting and tax services for medical establishment and professionals. Presently, the company's production method is highly labor-intensive because many of the book keeping tasks is done manu..

  Using the straight-line method

An asset is purchased for $745,000 today. It will have a $76,000 salvage value after 5 years of use. Using the straight-line (SLN) method, calculate the depreciation charge for year 2 and the book value at the end of year 2.

  The national bureau of economic research

The national bureau of economic research in December 2010 reported a study by Elizabeth Wilde, Lily Batchelder, and David Ellwood that a highly skilled woman loses anywhere from $230,000 to $349,000 in lifetime earnings by having children. What are t..

  What are the pros and cons-business goals

Dan and Carla met as employees at a candy company and later married. Carla went on to study accounting and Dan earned a business degree. After working for various businesses and raising $10,000 to open their own business one day, What are the pros an..

  Draw a market for portable generators in equilibrium.

Not too long ago Hurricane Sandy hit the northeast portion of the United States, causing serious and costly damage. Given what you've learned this week, what can we conclude probably happened to the price of portable generators? To the price of food?..

  Illustrate what happens to total income from shoe sales

Illustrate what happens to total income from shoe sales (Estimate P x Q before and after cost change). Repeat exercise for initial costs being decreased to $40 and $20, respectively.

  Elucidate why a system of marketable polution permits leads

Elucidate why a system of marketable polution permits leads to less costly pollution abatement and a higher concentration of polluted areas tha a command - and control system.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd