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Economics Homework Nine Answers - Student Ten (view source)
Revision as of 15:52, November 12, 2009
, 15:52, November 12, 2009no edit summary
'''1. Identify an industry not mentioned in the lecture that is an oligopoly, and explain why.'''
'''1. Identify an industry not mentioned in the lecture that is an oligopoly, and explain why.'''
Computer companies, such as Dell, Hp, Acer, and Apple.
'''2. Order the types of industries from those having the lowest price (due to the greatest competition) to those having the highest price (due to the least competition).'''
'''2. Order the types of industries from those having the lowest price (due to the greatest competition) to those having the highest price (due to the least competition).'''
a.Perfict compation b.Perfictly contestable markits c.monopalistic compation d.
'''3. Explain which specific type of industry (e.g., oligopoly or something else) each of these quotes probably refers to: (1) "She's the finest hair stylist in town; no one has her special style!", (2) "Crazy Eddie ... his low prices are INSANE!", (3) "Don't like his prices? He's the only one in town selling what you need."'''
'''3. Explain which specific type of industry (e.g., oligopoly or something else) each of these quotes probably refers to: (1) "She's the finest hair stylist in town; no one has her special style!", (2) "Crazy Eddie ... his low prices are INSANE!", (3) "Don't like his prices? He's the only one in town selling what you need."'''