According to your authors, the model of perfect competition A) ...

[justinmsk]

According to your authors, the model of perfect competition
 
  A) is an accurate description of real-world markets.
  B) obscures how plan coordination occurs in the real world.
  C) explains how economic profits can exist over time.
  D) explains economic losses better than economic profits.

Question 2

Which seller is selling short?
 
  A) Colleges that require the entire term's tuition prior to the first day of class
  B) A magazine that sells you a two-year subscription
  C) A major league baseball team that sells you a season ticket
  D) They are all selling short.
  E) None is selling short because all are reducing their risks.

[bitingbit]

Answer to Question 1

B

Answer to Question 2

D

[justinmsk]

Correct answers!

[bitingbit]

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