Author Question: Intense market competition is ________ for consumers, since it_______. a. Bad; erodes producer ... (Read 166 times)

ARLKQ

  • Hero Member
  • *****
  • Posts: 571
Intense market competition is ________ for consumers, since it_______.
 a. Bad; erodes producer surplus
 b. Bad, increases variety in the market
 c. Good, increases the price level in the market
  d. Good; decreases the price level in the market

Question 2

To attract more bidders, and more aggressive bidders, to your common-value auction
 a. withhold relevant information about the value of the object
 b. don't allow bidders to know how others are bidding
 c. do not allow potential bidders to examine the object too closely
  d. hold oral auctions



raili21

  • Sr. Member
  • ****
  • Posts: 324
Answer to Question 1

d

Answer to Question 2

d



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

For a complete list of videos, visit our video library