Author Question: ____ yields the same results as the theory of perfect competition, but requires substantially fewer ... (Read 36 times)

cmoore54 · **on:** Jul 1, 2018

____ yields the same results as the theory of perfect competition, but requires substantially fewer assumptions than the perfectly competitive model.
a. Baumol's sales maximization hypothesis
b. The Pareto optimality condition
c. The Cournot model
d. The theory of contestable markets
e. none of the above

Question 2

The following is not associated with bid-rigging
a. bid-riggers bidding their true value
b. knockout auctions
c. bid rotations
d. amnesty to the first conspirator willing to testify against fellow conspirators