Question and answer
Which is a real-life example of a market that is close to perfect competition? A. a computer monopoly B. an oil and gas cartel C. a farmers’ market D. a public school system
The correct answer is C. A farmers market.
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Original conversation
User: Which is a real-life example of a market that is close to perfect competition? A. a computer monopoly B. an oil and gas cartel C. a farmers’ market D. a public school system

Weegy: The correct answer is C. A farmers market.
Slayin|Points 743|

User: Suppose the market for the magazine is in equilibrium. Some students insist on raising the cover price by $1 and printing the same quantity. What is likely to happen? A. The demand for the magazine will go up. B. There will be a shortage of 150 magazines. C. There will be a surplus of 100 magazines. D. The surplus will be greater than their sales.

Weegy: C. There will be a surplus of 100 magazines.
justpretty|Points 1309|

User: Which of the following programs was President Roosevelt establishing when he spoke these words? A. Temporary Assistance for Needy Families B. Social Security C. War on Poverty D. The New Deal

Weegy: B. Social Security
Alaked|Points 50|

User: dvances in technology have reduced the cost of manufacturing MP3 players. If demand does not change, A. more MP3 players will be sold at a higher price. B. fewer MP3 players will be sold at a higher price. C. more MP3 players will be sold at a lower price. D. fewer MP3 players will be sold at a lower price.

Weegy: C. more MP3 players will be sold at a lower price.
rugmaker|Points 2152|

User: Big Road Inc., a private company, is hired to build and run a state’s entire road system. The company charges high fees to use its roads. It maintains the roads only in heavily populated areas. Which of the following describes this project? A. positive externality B. public good C. market failure D. negative externality

Weegy: C. is correct answer, It is a monopoly, therefore market failure.
latefisher|Points 2788|

User: A writer should avoid plagiarism because she may A. be banned from writing any more works. B. be tried as a criminal. C. be sued for fraud. D. have to make a public apology.

Weegy: C. be sued for fraud
scijoe21|Points 2085|

User: How does the market price of a good in a monopoly market compare with the market price of the same good in a perfectly competitive market? A. The price is higher. B. The price is lower. C. The prices cannot be compared. D. The prices are the same.

Weegy: A. The price is higher.
akone|Points 140|

User: When quantity demanded in a market is more than the quantity supplied, _____ occurs. A. a surplus B. an equilibrium C. a shortage D. a production possibility

User: A major characteristic of monopolistic competition is that prices will be A. higher than in perfect competition. B. lower than in perfect competition. C. higher than in a true monopoly. D. unrelated to the type of competition.

Weegy: A. higher than in perfect competition.
markworley|Points 150|

User: A minimum price, set by the government, that must be paid for a good or service is called a _____. A. price wall B. price floor C. price field D. price ceiling

Weegy: Price Floors are minimum prices set by the government for certain commodities and services that it believes are being sold in an unfair market with too low of a price and thus their producers deserve some assistance. [ Price floors are only an issue when they are set above the equilibrium price, since they have no effect if they are set below market clearing price. ]
Expert answered|jher000|Points 7585|

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Asked 8/23/2012 1:54:17 PM
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