« previous next »

Author Question: In the used car market without warranties, adverse selection results in A) sellers of lemons ... (Read 357 times)

lunatika

  • Hero Member
  • *****
  • Posts: 548
on: Jun 29, 2018
In the used car market without warranties, adverse selection results in
 
  A) sellers of lemons claiming that their car is a lemon.
  B) only lemons being available for sale.
  C) the market price of used cars equal to that of good used cars.
  D) all of the above.

Question 2

Does section 2 of the Sherman Act make it a felony to attempt to monopolize an industry or must the attempt succeed before it is a felony?
 
  What will be an ideal response?


bhavsar

  • Sr. Member
  • ****
  • Posts: 351
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

Section 2 of the Sherman Act makes attempting to monopolize an industry a felony. It is not necessary for the attempt to succeed.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

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.

The birth weight of human infants is tightly constrained by natural selection. The birth weight of human infants is tightly constrained by natural selection.
Using Controls to Monitor Results Using Controls to Monitor Results
Dental Related Adverse Effects in Patients Undergoing Cancer Treatment Dental Related Adverse Effects in Patients Undergoing Cancer Treatment
Complement Activation and Results Complement Activation and Results
Maternal Serum Screen Results Indicating an Abnormality Maternal Serum Screen Results Indicating an Abnormality
The consequences of the intensity of natural selection on allele frequency. The consequences of the intensity of natural selection on allele frequency.
Video: Protein digestion - stomach & small intestine

For a complete list of videos, visit our video library