Examlex

Solved

Consider the Following Characteristics

question 201

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?


Definitions:

Metabolic Disease

A broad category of diseases that affect the metabolism, including disorders of carbohydrate metabolism, lipid metabolism, and more, often genetic in nature.

Gout

A form of arthritis caused by excess uric acid in the bloodstream, resulting in painful swelling, typically in the joints of the feet.

Leukemia

A cancer form that hits the blood and bone marrow, resulting in the rampant production of atypical white blood cells.

Digestive System

The digestive system is a group of organs working together to convert food into energy and basic nutrients to feed the entire body.

Related Questions