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April 20, 2014

Homework Help: Business management class

Posted by April on Monday, January 30, 2012 at 11:08am.

In general, a person who owns and operates his or her own business can be thought of
as a/an
A. entrepreneur. C. gambler.
B. manager. D. pioneer.

my answer is A


Consider two used-car dealers: Bobís Better Wheels and Dewey, Cheatum, and Howe
Motors. Their prices are basically the same for similar vehicles even as their advertising
screams that their products are different. Which kind of competition is going on here?
A. Perfect competition C. Monopolistic competition
B. Monopoly D. Oligopoly


my answer is C

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