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 73 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?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Cade and colleagues discovered a way to improve athletic performance and prevent salt and water imba Cade and colleagues discovered a way to improve athletic performance and prevent salt and water imba
Animals and their babies Animals and their babies
On the Way to Designer Babies On the Way to Designer Babies
How to solve equations containing rational exponents greater than 2 How to solve equations containing rational exponents greater than 2
Using FITT to Improve Fitness Using FITT to Improve Fitness
Rational please Rational please
Video: Simple and Double Sugar

For a complete list of videos, visit our video library