« previous next »

Author Question: In the used car market without warranties, adverse selection results in A) sellers of lemons ... (Read 366 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?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

Did you know?

Immunoglobulin injections may give short-term protection against, or reduce severity of certain diseases. They help people who have an inherited problem making their own antibodies, or those who are having certain types of cancer treatments.

Did you know?

The cure for trichomoniasis is easy as long as the patient does not drink alcoholic beverages for 24 hours. Just a single dose of medication is needed to rid the body of the disease. However, without proper precautions, an individual may contract the disease repeatedly. In fact, most people develop trichomoniasis again within three months of their last treatment.

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

An enlarged heart showing the results of cardiomyopathy. An enlarged heart showing the results of cardiomyopathy.
Using Controls to Monitor Results Using Controls to Monitor Results
Reduced mobility in late adulthood often results in more limited activities and smaller social ... Reduced mobility in late adulthood often results in more limited activities and smaller social ...
Conformational Selection vs. Induced Fit Conformational Selection vs. Induced Fit
Better land and water management and appropriate crop selection can help eliminate hunger Better land and water management and appropriate crop selection can help eliminate hunger
Clonal selection Clonal selection
Video: Mendel's Principles of Dominance, Segregation and Independent Assortment

For a complete list of videos, visit our video library