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

Author Question: In the figure above, suppose that Mac and Izzie trade and reach point c. Then A) Mac produces ... (Read 187 times)

Beheh

  • Hero Member
  • *****
  • Posts: 520
on: Jun 29, 2018
In the figure above, suppose that Mac and Izzie trade and reach point c. Then
 
  A) Mac produces outside his production possibilities frontier.
  B) Izzie produces outside her production possibilities frontier.
  C) Mac and Izzie both produce outside their production possibilities frontiers.
  D) neither Mac nor Izzie produce outside their production possibilities frontiers.

Question 2

A contestable market is one in which there are
 
  A) one or a few firms, and entry into the market is costly.
  B) one or a few firms, and entry into the market is not costly.
  C) many firms, and entry into the market is costly.
  D) many firms, and entry into the market is not costly.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

lkanara2

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

B


Beheh

  • Member
  • Posts: 520
Reply 2 on: Jun 29, 2018
Gracias!

steff9894

  • Member
  • Posts: 337
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

Did you know?

Most fungi that pathogenically affect humans live in soil. If a person is not healthy, has an open wound, or is immunocompromised, a fungal infection can be very aggressive.

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

Did you know?

The Babylonians wrote numbers in a system that used 60 as the base value rather than the number 10. They did not have a symbol for "zero."

Ugonachomma display figure, Igbo, Nigeria. Ugonachomma display figure, Igbo, Nigeria.
Demonstrate the Application of Triangular, Figure-Eight, and Tubular Bandages Demonstrate the Application of Triangular, Figure-Eight, and Tubular Bandages
Figure and Ground Figure and Ground
A spherical water tank with an inner radius of 4 m has its lowest point 3 m ... A spherical water tank with an inner radius of 4 m has its lowest point 3 m ...
If the frequency equals 60 Hz in Figure 10-1, what is the value of capacitance? If the frequency equals 60 Hz in Figure 10-1, what is the value of capacitance?
How much voltage does the resistor drop in Figure 10-2? a. 59 mV b. 19.94 V c. 20 V d. 10 V How much voltage does the resistor drop in Figure 10-2? a. 59 mV b. 19.94 V c. 20 V d. 10 V
Video: Fetal development - Weeks 9 to 38

For a complete list of videos, visit our video library