管理经济学作业1答案.docVIP

Managerial Economics HOMEWORK SET#1 Name: Class: Student #: (Due day: Next class) Part 1: A perfectly competitive market has: many buyers and sellers. several large buyers. a meeting place for buyers and sellers. a) and b) a) and c) Choose: a) There must be numerous small buyers and sellers for a market to be perfectly competitive. A meeting place is unnecessary. 2. Boeing Corporation and Airbus Industries are the only two producers of long-range commercial aircraft. This market is not perfectly competitive because: a) Each c