Pure competition in modern U.S. economy

Within the modern U.S. economy, there pure competition is: (w) characteristic of all resource markets. (x) rare in product markets. (y) most common for public utilities. (z) strictly regulated throguh government.

I need a good answer on the topic of Economics problems. Please give me your suggestion for the same by using above options.

View Complete Question

Related Questions in Microeconomics

Q : Marginal revenue with price discriminate

For any firm along with some degree of market power but that cannot price discriminate, the price is: (w) constant along the demand curve. (x) identical with marginal revenue. (y) greater than marginal revenue. (z) less than marginal revenue.

Q : Labor Union History problem Can someone

Can someone please help me in finding out the accurate answer from the following question. The labor unions have tended to be most successful in the organizing: (1) Blue collar workers. (2) Clerical workers. (3) Professionals. (4) White collar workers.

Q : Monopsonistic labor market-wage

In the monopsonistic labor market in which wage discrimination is not possible, the raise in the minimum wage: (i) Essentially outcomes in less employment and higher wages. (ii) Might result in both the higher level of employment and the higher wage rate. (iii) Unifor

Q : Monopolist in the long run Within the

Within the long run, here a monopolist: (w) will produce a positive economic profit. (x) will produce an economic profit of zero. (y) may incur an economic loss. (z) will produce an economic profit of zero or greater.

Q : Evalute clothing market Evalute the

Evalute the statement. Generally People buy clothing in the city where they live. Therefore there is a clothing market in, say, Atlanta that is distinct from the clothing market in Los Angeles. This statement is tr

Q : Effect of future consumption on

When households become increasingly willing to defer current consumption in order that they can enjoy greater future consumption, in that case the: (1) interest rate rises. (2) equilibrium investment level rises. (3) present value of

Q : Resource market in equilibrium When the

When the resource market demonstrated in this figure is into equilibrium: (1) owners of these resources currently receive no economic rents. (2) economic rent is specified from trapezoid Oade. (3) the rectangle Obde measures consumer surplus by the fi

Discover Q & A

Leading Solution Library

Avail More Than 1428576 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1932401
Asked

3,689

Active Tutors

1428576

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment