If you exhibit endowment effect, then you A) decide rationally ...

[washai]

If you exhibit endowment effect, then you
 
  A) decide rationally when making decisions about selling but not when making decisions about buying.
  B) have a strong attachment to things you already own.
  C) buy something you cannot afford.
  D) decide rationally when making decisions about buying but not when making decisions about selling.

Question 2

In the long-run equilibrium in a perfectly competitive market,
 
  A) the firms make an economic profit.
  B) the firms' owners make a normal profit.
  C) the average total cost is maximized.
  D) marginal cost is at a minimum.

[skipfourms123]

Answer to Question 1

B

Answer to Question 2

B

[washai]

Thanks for the timely response, appreciate it

[debra928]

Wow, this really help