Consider the four market structures. In which market structure are there many firms producing differentiated goods?

Perfect Competition

Monopolistic Competition

Oligopoly

Monopoly

2) Consider the four market structures:

(1). Perfect competition

(2). Monopolistic competition

(3). Oligopoly

(4). Monopoly

In which market structure(s) will we see firms that are generally not considered competitive and may have a large amount of market power to set their own prices?

(1) only

(1) and (2)

(4) only

(3) and (4)

(2) and (3)

3) Consider the four market structures:

(1). Perfect competition

(2). Monopolistic competition

(3). Oligopoly

(4). Monopoly

Entry barriers are seen in which market structure(s)?

(1) only

(1) and (2)

(4) only

(3) and (4)

(2) and (3)

4) Consider the four market structures:

(1). Perfect competition

(2). Monopolistic competition

(3). Oligopoly

(4). Monopoly

In which market structure(s) are there most likely to be large economies of scale?

(1) only

(1) and (2)

(4) only

(3) and (4)

(2) and (3)

  

What is meant by the term 'quorum?" Select one: A. A 'quorum' refers to the minimum number of 'qualifying persons' required in order to validly conduct business at a meeting. B. A 'quorum' refers to a meeting that is invalid because sufficient notice has not been provided. C. A 'quorum' refers to the maximum number of persons who may attend a meeting. D. A 'quorum' refers to a meeting that lacks a chairperson. Clear my choice