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Author Question: In the long-run, a monopoly is most likely to achieve a. An average rate of return b. Above ... (Read 78 times)

ETearle

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on: Jul 1, 2018
In the long-run, a monopoly is most likely to achieve
 a. An average rate of return
  b. Above average profits
 c. Economic Profits
 d. Both B&C

Question 2

With which choice are you more likely to avoid Bid-rigging cartels?
 a. Holding Vickery auctions
 b. Holding sealed-bid auctions
  c. Holding English auctions
 d. Both A&B


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joneynes

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Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

d


ETearle

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Reply #2 on: Jul 1, 2018
Thank you :)


joneynes

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Reply #3 on: Jul 1, 2018
Happy to help you


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