
The delivery of first-class mail by the U.S.Postal Service is an example of
A) a monopoly.
B) perfect competition because consumers have access to other methods of written communication, for example, email and text messaging.
C) monopolistic competition because mail delivery is a differentiated product provided by many firms.
D) an oligopoly because a few other firms provide delivery of letters and packages.
Correct Answer:
Verified
Q30: Which of the following is a characteristic
Q31: If a perfectly competitive firm raises the
Q32: Perfectly competitive industries tend to produce low-priced,
Q33: Some markets have many buyers and sellers
Q34: Suppose the equilibrium price in a perfectly
Q36: A wheat farmer and a firm in
Q37: A perfectly competitive firm faces a demand
Q38: A perfectly competitive firm has to charge
Q39: A perfectly competitive firm's horizontal demand curve
Q40: The market demand curve for a perfectly
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents