When comparing point A, which lies within a utilities ...

[bobypop]

When comparing point A, which lies within a utilities possibilities frontier, with point B, which lies on the same utilities possibilities frontier,
 
  A) A is necessarily more efficient than B.
  B) A is necessarily more equitable than B.
  C) B is necessarily more efficient than A.
  D) B is necessarily more equitable than A.

Question 2

A market structure in which there is one large firm that has a major share of the market and many smaller firms supplying the remainder of the market is called:
 
  A) the Stackelberg Model.
  B) the kinked demand curve model.
  C) the dominant firm model.
  D) the Cournot model.
  E) the Bertrand model.

[joewallace]

Answer to Question 1

C

Answer to Question 2

C

[bobypop]

Thanks for the timely response, appreciate it

[bitingbit]

Excellent