Illustrates two extreme examples of market structures

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Reference no: EM131380043

1. Which of the following pairs illustrates the two extreme examples of market structures? Why?

a) competition and oligology

b) competition and monopoly

c) monopoly and monopolistic competition

d) oligopoly and monopolistic competition

2. Of the total income earned in the U.S economy, approximately: Why?

a) 25 percent is earned by workers and 75 percent is earned by landowners

b) 50 percent is earned by workers 25 percents is earned by landowners and 25 percents is earned by owners of capital

c) 75 percent is earned by workers and 25 percent is earned by owners of land and capital

d) 90 percent is earned by workers and 10 percent is earned by owners of land and capital

Reference no: EM131380043

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