Homework Answers
Answer - Agriculture
Reason - Agriculture closely resembles the perfect competition. This is because the products produce by them is homogeneous and there are large number of buyers and sellers in this market. In agriculture market large number of buyers create a situation where one individual cannot influence the price. Hence they are also price takers
Other options are wrong -
- Farming implements , clothing , brewing all of them resembles monopolistic competition
- Steel resembles the oligopolistic competiton
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Which of the following industries most closely resembles perfect competition? agriculture farming implements clothing steel brewing
Which of the following industries might be classified in pure or perfect competition? O A. restaurants...
Which of the following industries might be classified in pure or perfect competition? O A. restaurants O B. software design O C. automobile manufacturing O D. all of the above O E. none of the above
Question 11 (1 point) Which of the following options most closely resembles the typical pathway of...
Question 11 (1 point)
Which of the following options most closely resembles the
typical pathway of a molecule like testosterone?
Question 11 options:
Binds to steroid hormone receptor-> receptor
is activated -> many kinases are activated -> complex signal
cascade-> cellular response
Enters cell -> binds to peptide hormone
receptor -> receptor enters nucleus -> change in
transcription
Enters cell -> binds to steroid hormone
receptor -> receptor enters nucleus -> change in
transcription
Binds to peptide hormone receptor ->...
Which of the following statements regarding the trucking industry is correct? Question 1 options: Over the...
Which of the following statements regarding the trucking industry is correct? Question 1 options: Over the past several years, losses and exit from the industry have substantially reduced the degree of competition in the industry. The trucking industry most closely resembles an oligopoly. Even though there is a high degree of competition, firms in the trucking industry are able to sustain positive economic profits as a result of a substantial degree of product differentiation. Between 1999 and 2007, the behavior...
Which market, perfect competition, price discriminating monopoly, or single price monopoly is the most efficient &...
Which market, perfect competition, price discriminating monopoly, or single price monopoly is the most efficient & why? Which is the least efficient & why?
Perfect Competition Progress You are on question 10 of 10 Which of the following statements are...
Perfect Competition Progress You are on question 10 of 10 Which of the following statements are correct? O Perfect competition guarantees that all market participants have equal access to all goods and services produced by an economy. Perfect competition guarantees equality of well- being among a country's citizens. O Perfect competition guarantees that prices charged for goods exactly reflect the marginal cost of producing them.
Which of the following is not a type of market structure? A. monopolistic competition. B. perfect...
Which of the following is not a type of market structure? A. monopolistic competition. B. perfect competition. C. monopolistic oligopoly. D. monopoly
The "perfect information" assumption of perfect competition includes all of the following except one. Which one?...
The "perfect information" assumption of perfect competition includes all of the following except one. Which one? Select one: a. Consumers know their preferences. b. Consumers know their income levels. c. Consumers know the prices available. d. Consumers can anticipate price changes. e. Firms know their costs, prices and technology.
Which of the following conditions distinguishes monopolistic competition from perfect competition?
Which of the following conditions distinguishes monopolistic competition from perfect competition? a. the number of sellers in the market b. the freedom of entry and exit by firms in the market c. the size of firms in the market d. product differentiation A monopolistically competitive firm chooses its a. price and quantity just as a monopoly does. b. quantity but faces a horizontal demand curve just as a competitive firm does. c. price but can sell any quantity at the market price just as an oligopoly does. d. price...
Which one of the following is not a condition of perfect competition? A. Numerous small buyers...
Which one of the following is not a condition of perfect competition? A. Numerous small buyers and sellers B. Producers can freely enter or exit the market C. Firms’ production functions display increasing returns D. All goods sold in the market are identical E. Buyers and sellers have perfect information
Which of the following best describe benefits of monopolistic competition over perfect competition? I. More variety...
Which of the following best describe benefits of monopolistic competition over perfect competition? I. More variety of products for the consumers II. Incentivizes innovation III. Products offered are exact substitutes for one another A. I, II, and III B. II and III only C. I and II only
Which of the following industries might be classified in pure or perfect competition? O A. restaurants O B. software design O C. automobile manufacturing O D. all of the above O E. none of the above
Question 11 (1 point)
Which of the following options most closely resembles the
typical pathway of a molecule like testosterone?
Question 11 options:
Binds to steroid hormone receptor-> receptor
is activated -> many kinases are activated -> complex signal
cascade-> cellular response
Enters cell -> binds to peptide hormone
receptor -> receptor enters nucleus -> change in
transcription
Enters cell -> binds to steroid hormone
receptor -> receptor enters nucleus -> change in
transcription
Binds to peptide hormone receptor ->...
Perfect Competition Progress You are on question 10 of 10 Which of the following statements are correct? O Perfect competition guarantees that all market participants have equal access to all goods and services produced by an economy. Perfect competition guarantees equality of well- being among a country's citizens. O Perfect competition guarantees that prices charged for goods exactly reflect the marginal cost of producing them.
The "perfect information" assumption of perfect competition includes all of the following except one. Which one? Select one: a. Consumers know their preferences. b. Consumers know their income levels. c. Consumers know the prices available. d. Consumers can anticipate price changes. e. Firms know their costs, prices and technology.
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