Author Question: The main reason(s) monopolies can earn positive profits for a while is(are) a. assets cannot ... (Read 57 times)

lak

  • Hero Member
  • *****
  • Posts: 546
The main reason(s) monopolies can earn positive profits for a while is(are)
 a. assets cannot quickly move in and out of the industry when demand fluctuates
  b. an increase in demand does not lead to entry of firms to absorb the extra demand
  c. both A&B
 d. none of the above

Question 2

In a sealed-bid first price auction, if you notice that your competition is weaker, you should
 a. Shade your bid more
 b. Shade your bid less
 c. Bid more aggressively
  d. Both B&C



Heffejeff

  • Sr. Member
  • ****
  • Posts: 336
Answer to Question 1

c

Answer to Question 2

a



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Did you know?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Did you know?

It is widely believed that giving a daily oral dose of aspirin to heart attack patients improves their chances of survival because the aspirin blocks the formation of new blood clots.

For a complete list of videos, visit our video library