Question
1. The relative elasticity of the demand curves is a measure of the degree of __________ within an industry. *competition *differentiation *easy entry *concentration 2.
1. The relative elasticity of the demand curves is a measure of the degree of __________ within an industry.
*competition
*differentiation
*easy entry
*concentration
2. What is another term for extra utility (which is gained by buyers who end up paying less for an item than they would have been willing to pay for it)?
*marginal revenue
*consumer excess
*marginal holding
*consumer surplus
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Forecasting for Economics and Business
Authors: Gloria Gonzalez Rivera
1st edition
131474936, 978-1315510415, 1315510413, 978-0131474932
