Wee8 quiz | Economics homework help
1.The four types of market structures we study in economics are perfect competition, monopoly, oligopoly, and monopsony. True False 2. The long run is considered to be the period when a firm’s inputs are mainly variable and at least one input is fixed. True False 3.The government regulates a pure monopoly by setting price where AVC (average variable costs) = D (demand). […]