« previous next »

Author Question: In the used car market without warranties, adverse selection results in A) sellers of lemons ... (Read 81 times)

lunatika

  • Hero Member
  • *****
  • Posts: 548
on: Jun 29, 2018
In the used car market without warranties, adverse selection results in
 
  A) sellers of lemons claiming that their car is a lemon.
  B) only lemons being available for sale.
  C) the market price of used cars equal to that of good used cars.
  D) all of the above.

Question 2

Does section 2 of the Sherman Act make it a felony to attempt to monopolize an industry or must the attempt succeed before it is a felony?
 
  What will be an ideal response?


bhavsar

  • Sr. Member
  • ****
  • Posts: 351
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

Section 2 of the Sherman Act makes attempting to monopolize an industry a felony. It is not necessary for the attempt to succeed.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

People about to have surgery must tell their health care providers about all supplements they take.

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Results of the study by Laruelle et al. (1996) Results of the study by Laruelle et al. (1996)
This chart shows the various lines of responsibility and how they differ in presidential and parliam This chart shows the various lines of responsibility and how they differ in presidential and parliam
Carbon dioxide. This molecule exhibits a nonpolar bond and results in a linear and symmetrical ... Carbon dioxide. This molecule exhibits a nonpolar bond and results in a linear and symmetrical ...
Results Seen in Mono-Diff Tests Results Seen in Mono-Diff Tests
Evolution and Natural selection shapes organisms and diversity Evolution and Natural selection shapes organisms and diversity
Stock Market Question Stock Market Question
Video: Blood Pressure Measurement

For a complete list of videos, visit our video library