Homework Clinic
Social Science Clinic => Economics => Microeconomics => Topic started by: skymedlock on Jul 1, 2018
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Which of the following market models results in the highest level of consumer surplus assuming a fixed number of firms with identical costs and a given demand curve?
A) Cournot
B) Stackelberg
C) Monopoly
D) Cartel
Question 2
Monopolization of both the labor market and the output market results in
A) higher wages than when both are competitive.
B) a higher output price than when both are competitive.
C) a lower level of output than when both are competitive.
D) All of the above.
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Answer to Question 1
B
Answer to Question 2
D
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thank you