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Author Question: The tendency of people to value something more highly when they own it is called the A) wealth ... (Read 27 times)

student77

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on: Jun 29, 2018
The tendency of people to value something more highly when they own it is called the
 
  A) wealth effect.
  B) endowment effect.
  C) path dependent effect.
  D) endorsement effect.

Question 2

In the long-run equilibrium in a perfectly competitive market, the economic profit of the firms is
 
  A) positive.
  B) negative.
  C) zero.
  D) increasing.


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frejo

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


student77

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Reply 2 on: Jun 29, 2018
Wow, this really help

juliaf

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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