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Author Question: Refer to Figure 7-5. With insurance and a third-party payer system, what is the amount of the ... (Read 33 times)

mspears3

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on: Jun 29, 2018
Refer to Figure 7-5. With insurance and a third-party payer system, what is the amount of the deadweight loss?
 
  A) 0 B) 2,500 C) 5,000 D) 24,000

Question 2

Why are firms in oligopoly interdependent?
 
  What will be an ideal response?


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kxciann

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

Firms in oligopoly are interdependent because each firm has a large market share and so each firm's decisions have a major influence on its competitors' profits.


mspears3

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

parker125

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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