1....stragetic behavior is a characteristic of which of these markets? A) oligop
ID: 1238567 • Letter: 1
Question
1....stragetic behavior is a characteristic of which of these markets?A) oligopoly
B) monopolistic competition
C) monoply
D) perfect competion
2.... a natural monoply is allowed to legally produce because
A) average total cost in the long run falls when only one firm is producing
B)all options are correct
C) economies scale production results in lower prices for customers
D) deadwieght loses are minimized
3... a benefit of the government providing the US post office is
A) uniformity in pricing and delivery services
B) more delivery services available on more days
C) econmic profits
D) efficency
Explanation / Answer
it is known that when there is a perfect competition, you need a strategic behavior, otherwise one cannot stand in the market... so 1----D 2-- A. because the company is producing the same thing for long time ,so they will have reduced average costs , besides as they have no competition, they want to make more profit so the prices are high.. 3---C; because , even if there was a private company, there will be uniformity in pricing as you can see now with the companies like DHL , Bluedart.. They are more worried about the profits made are reinjected into society by the govt.
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