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Author Question: Which of the following were discovered in a Federal Trade Commission Study of 8,000 new and used ... (Read 7 times)

rachel9

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on: Jun 30, 2018
Which of the following were discovered in a Federal Trade Commission Study of 8,000 new and used Corvettes sold on eBay between 2001 and 2003?
 a. The last-minute bids on new Corvettes were higher than that on used ones.
  b. The median winning bid on new Corvettes exceeded that on used ones.
  c. The median winning bid on used Corvettes exceeded that on new ones.
  d. The last-minute bids on used Corvettes were higher than that on new ones.

Question 2

If government intervention in the market creates market inefficiencies then
 A) there is government failure.
  B) market failure.
  C) network externalities.
  D) the economy must be democratic.


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tjayeee

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

C

Answer to Question 2

A


rachel9

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Reply #2 on: Jun 30, 2018
Thank you :)


tjayeee

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Reply #3 on: Jun 30, 2018
Happy to help you


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