This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Lou buys a Star Wars: The Force Awakens poster from Evan for 30 and resells it on eBay for 60. Which ... (Read 47 times)

xclash

  • Hero Member
  • *****
  • Posts: 681
on: Jun 29, 2018
Lou buys a Star Wars: The Force Awakens poster from Evan for 30 and resells it on eBay for 60. Which of the following statements is false?
 
  A) Lou has probably incurred some costs in connection with this sale.
  B) It is possible that Evan has earned some producer surplus from this transaction.
  C) Lou has earned some arbitrage profits, assuming that transactions costs are negligible.
  D) The transaction has made Evan worse off because he undersold the poster.

Question 2

Consider two oligopolistic industries selling the same product in different locations. In the first industry, firms always match price changes by any other firm in the industry.
 
  In the second industry, firms always ignore price changes by any other firm. Which of the following statements is true about these two industries, holding everything else constant?
  A) Market prices are likely to be the same in both markets because they are both oligopolistic markets.
  B) No conclusions can be drawn about the pricing behavior under these very different firm behaviors.
  C) Market prices are likely to be lower in the first industry where firms always match price changes by rival firms than in the second where firms ignore their rivals' price changes.
  D) Market prices are likely to be higher in the first industry in which firms always match price changes by rival firms than in the second where firms ignore their rivals' price changes.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Amiracle

  • Sr. Member
  • ****
  • Posts: 334
Reply #1 on: Jun 29, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 44% of students answer this correctly


xclash

  • Member
  • Posts: 681
Reply 2 on: Jun 29, 2018
Gracias!

nanny

  • Member
  • Posts: 313
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Internal structures of main sequence stars, convection zones with arrowed cycles and radiative zones Internal structures of main sequence stars, convection zones with arrowed cycles and radiative zones
Harriet Beecher Stowe’s novel, Uncle Tom’s Cabin, became a staple of the mid-nineteenth-century thea Harriet Beecher Stowe’s novel, Uncle Tom’s Cabin, became a staple of the mid-nineteenth-century thea
Muscle Fiber Recruitment and Muscular Force Muscle Fiber Recruitment and Muscular Force
A star link-type network where all of the modules are connected together using splice packs. A star link-type network where all of the modules are connected together using splice packs.
A forklift pushes a 100-kg crate, starting from rest, exerting a horizontal force of magnitude ... A forklift pushes a 100-kg crate, starting from rest, exerting a horizontal force of magnitude ...
Flo Hyman was a 6 foot 5 inch star on the U.S. women’s volleyball team that won a silver medal in ... Flo Hyman was a 6 foot 5 inch star on the U.S. women’s volleyball team that won a silver medal in ...
Video: Otitis Media

For a complete list of videos, visit our video library