Which market structure is least likely to occur in a nation with some government involvement in the economy and strongly enforced antitrust laws? a. monopolistic competition b. perfect competition c. monopoly d. oligopoly

You estimate that your cattle farm will generate $0.15 million of profits on sales of $3 million under normal economic conditions and that the degree of operating leverage is 2. (leave no cells blank - be certain to enter "0" wherever required. do not round intermediate calculations. enter your answers in millions.) a. what will profits be if sales turn out to be $1.5 million?