Consider the Following Characteristics

question 63

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 is 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

Analyze the challenge post-structuralists pose to conventional notions of scientific knowledge and truth.

Identify the characteristics and criticisms of capitalism from a Gramscian perspective.

Articulate the foundations and aims of feminist theories and their critique of societal structures.

Understand the production of knowledge as a social process, especially within scientific and academic contexts.

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Definitions:

Consumer Surplus

The distinction between the price consumers are willing to offer for a good or service and the price they really pay.

Agricultural Subsidies

Agricultural subsidies are financial incentives provided by the government to farmers or agribusinesses to supplement their income, manage the supply of agricultural commodities, and influence the cost and supply of such commodities.

Tariff

A tax imposed on imported goods and services to increase their price and reduce competition with domestic industries.

Trade Restrictions

Measures imposed by governments to control the import and export of goods and services with the intention of protecting domestic industries, which can include tariffs, quotas, and other barriers.