This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Politicians have often kissed babies to improve their re-election prospects. A rational politician ... (Read 44 times)

brutforce

  • Hero Member
  • *****
  • Posts: 540
on: Jun 29, 2018
Politicians have often kissed babies to improve their re-election prospects. A rational politician will kiss babies as long as
 
  A) the public is impressed.
  B) the marginal benefits exceed the marginal costs.
  C) there is a camera crew to document the activity.
  D) the babies are cute.

Question 2

What are the types of market power? How do they arise?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mathjasmine

  • Sr. Member
  • ****
  • Posts: 312
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

There are two types of market power. They are as follows:
a) Legal market power: Legal market power arises when the government grants exclusive production rights to particular firms, thus creating barriers to entry.
b) Natural market power: Natural market power arises when barriers to entry occur naturally. This can happen when a firm owns or controls a key resource necessary for production or when a firm enjoys economies of scale over the relevant range of output.


brutforce

  • Hero Member
  • *****
  • Posts: 540
Reply #2 on: Jun 29, 2018
Correct answers!


mathjasmine

  • Sr. Member
  • ****
  • Posts: 312
Reply #3 on: Jun 29, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

Babies! Babies!
Contact theory indicates that prejudice decreases and relations improve when individuals of ... Contact theory indicates that prejudice decreases and relations improve when individuals of ...
Short, Upbeat Massage Sessions can Improve Mental Alertness. Short, Upbeat Massage Sessions can Improve Mental Alertness.
How to combine two or more polynomial fractions into a single rational expression How to combine two or more polynomial fractions into a single rational expression
Math Joke: Be Rational, Get Real Math Joke: Be Rational, Get Real
Psychodynamic Psychology and Babies Psychodynamic Psychology and Babies
Video: Interview with an Anorexic Woman (Part 1 of 2)

For a complete list of videos, visit our video library