Solved

Consider the Following Characteristics

Question 1

Multiple Choice

Consider the following characteristics:
a.a market structure with barriers to entry
b.demand curves that are easily identified
c.firm cannot make zero profits in the long run
d.firm can reap long-run profits.
Which of the characteristics in the list above are shared by an oligopolist and a monopolist?


A) a, b, c and d
B) a, b and d
C) a, c and d
D) a and d

Correct Answer:

verifed

Verified

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents