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Author Question: Two cities A&B are deciding upon joint pollution laws. Right now they both face identical prices ... (Read 119 times)

littleanan

  • Hero Member
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  • Posts: 575
on: Jul 1, 2018
Two cities A&B are deciding upon joint pollution laws. Right now they both face identical prices for their housing. If they decide that city A is to be a pollution free city Clean town and all the factories would locate in city B Smogville, in the long run, we expect to see
 a. Asthmatics moving to Cleantown
 b. Poorer families moving to Smogville
 c. Residents in both the cities relocating based on their tolerance for pollution
  d. All of the above

Question 2

A second-price auction
 a. is also called an English auction
 b. is where the highest bidder wins and pays the amount of the next highest bid
  c. is where the sole remaining bidder wins and pays his winning bid
 d. all of the above


ktidd

  • Sr. Member
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  • Posts: 319
Reply #1 on: Jul 1, 2018
Answer to Question 1

d

Answer to Question 2

b


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