Number of Sellers: There are hundreds of high school students in need of economics tutoring services. Dozens of companies offer tutoring services; parents view the quality of the tutoring at the different companies to be largely the same. * Point) Few Many Few hool students in need of economics tutoring ervices; parents view the quality of the tutoring at One

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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18. Number of Sellers: There are hundreds of high school students in need of economics tutoring
services. Dozens of companies offer tutoring services; parents view the quality of the tutoring at
the different companies to be largely the same. *
(1 Point)
Few
Many
Few
hool students in need of economics tutoring
ervices; parents view the quality of the tutoring at
19.
One
19. Type of product: There are hundreds of high school students in need of economics tutoring
services. Dozens of companies offer tutoring services; parents view the quality of the tutoring at
the different companies to be largely the same. *
(1 Point)
Unique
Differentiated
Standardized (Identical)
"pol students in need of economics tutoring
rvices; parents view the quality of the tutoring at
20.
Unique
20. Market Model: There are hundreds of high school students in need of economics tutoring
services. Dozens of companies offer tutoring services; parents view the quality of the tutoring at
the different companies to be largely the same. *
(1 Point)
Oligopoly
Perfect Competition
Oligopoly
Monopolistic Competition
Monopoly
Transcribed Image Text:18. Number of Sellers: There are hundreds of high school students in need of economics tutoring services. Dozens of companies offer tutoring services; parents view the quality of the tutoring at the different companies to be largely the same. * (1 Point) Few Many Few hool students in need of economics tutoring ervices; parents view the quality of the tutoring at 19. One 19. Type of product: There are hundreds of high school students in need of economics tutoring services. Dozens of companies offer tutoring services; parents view the quality of the tutoring at the different companies to be largely the same. * (1 Point) Unique Differentiated Standardized (Identical) "pol students in need of economics tutoring rvices; parents view the quality of the tutoring at 20. Unique 20. Market Model: There are hundreds of high school students in need of economics tutoring services. Dozens of companies offer tutoring services; parents view the quality of the tutoring at the different companies to be largely the same. * (1 Point) Oligopoly Perfect Competition Oligopoly Monopolistic Competition Monopoly
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