C Total variable cost d.total cost O e average fixed cost QUESTION 37 In Rhode I

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C Total variable cost d.total cost O e average fixed cost QUESTION 37 In Rhode Island, there are a large number of qualified, primary-care physicians whose services are highly personalized. In addition to price,factors such as age, sex, location, and personality influence the choice of physicians. Thus, it can be said that the primary-care physician market is most probably a: y competitive market. o b.cartel. d'oligopolistic market oe. perfectly competitive market QUESTION 38 Refer to Figure 7-1. Graphs A and B together demonstrate the effect that a change in market demand has on the demand curve faced by an individual firm. In this case, the firm is: Figure 7-1 D, 0 to save and s

Explanation / Answer

ANSWER:

The correct answer is option a that is monopolistically competitive market as this an example of it.

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