« previous next »

Author Question: Congressman Gallstone seeks support from his colleagues for a bill he sponsors that will establish a ... (Read 156 times)

lidoalex

  • Hero Member
  • *****
  • Posts: 538
on: Jun 29, 2018
Congressman Gallstone seeks support from his colleagues for a bill he sponsors that will establish a new national park in his district.
 
  He offers to support Congresswoman Disrail's proposal to build a new library in her district in exchange for her vote for his national park bill. This is an example of
  A) government failure. B) regulatory capture.
  C) rational ignorance. D) logrolling.

Question 2

Being the only seller in the market, the monopolist can choose any price and quantity it desires. Evaluate this statement: Is it true or false? Explain your answer.
 
  What will be an ideal response?
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


mirabriestensky

  • Sr. Member
  • ****
  • Posts: 325
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

The statement is false. The monopolist cannot choose both the price and quantity. The monopolist has some market power and therefore has some ability to affect market price but it does not control the demand curve. If the monopolist sets a price, the quantity sold will be indicated by the demand curve.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

Did you know?

Adult head lice are gray, about ? inch long, and often have a tiny dot on their backs. A female can lay between 50 and 150 eggs within the several weeks that she is alive. They feed on human blood.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Bill Viola, The Reflecting Pool. Bill Viola, The Reflecting Pool.
Stand over your base of support with the knees straight but not locked. Stand over your base of support with the knees straight but not locked.
a) Using a fist to support thumb pressure b) Using thumb-beside-thumb pressure a) Using a fist to support thumb pressure b) Using thumb-beside-thumb pressure
One of the many functions of religion is providing emotional support. This photo was taken in ... One of the many functions of religion is providing emotional support. This photo was taken in ...
6 SUPPORT NEED IT SOON PLEASE ANSWER ALL 6 SUPPORT NEED IT SOON PLEASE ANSWER ALL
Applying the bill of rights to the states Applying the bill of rights to the states
Video: Phases of the Female Reproductive Cycle - Hormonal regulation

For a complete list of videos, visit our video library