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Author Question: A market that mainly stresses product differentiation is called A) perfectly competitive. B) ... (Read 32 times)

tatyanajohnson

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on: Jun 30, 2018
A market that mainly stresses product differentiation is called
 A) perfectly competitive.
  B) monopolistically competitive.
  C) a monopoly.
  D) an oligopoly.

Question 2

Identify some of the salient features of voting as a method of determining the majority preference.


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covalentbond

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Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

Voting for elected officials and government policies can sometimes bring outcomes that are consistent with the preferences of the median voter. In other situations the voting process is manipulable, either because the person who sets the agenda can control the outcome, or because voters can individually gain by misrepresenting their true preferences.


tatyanajohnson

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Reply 2 on: Jun 30, 2018
Gracias!

kilada

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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