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Author Question: Oligopoly: a. Meets the condition for allocative efficiency. b. Meets the condition for productive ... (Read 56 times)

james9437

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on: Jun 30, 2018
Oligopoly:
 a. Meets the condition for allocative efficiency.
  b. Meets the condition for productive efficiency.
  c. Leads to slower technological progress.
 d. None of the above is true.

Question 2

Which of the following is an example of a non-price provision in an automobile insurance contract that can reduce moral hazard?
 a. A provision specifying that coverage is limited to 75 percent of the total damages caused by an accident.
  b. A provision that disallows medical claims by drunk drivers involved in accidents.
  c. A provision that restricts accident compensation to claims over 1,000.
  d. A provision requiring that the insured car carry certain safety devices like air bags.


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katieost

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

d

Answer to Question 2

B


james9437

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

dantucker

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Reply 3 on: Yesterday
:D TYSM

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