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Author Question: If people expect to have the profits from correct decisions confiscated but do not expect to be ... (Read 87 times)

fasfsadfdsfa

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on: Jun 29, 2018
If people expect to have the profits from correct decisions confiscated but do not expect to be compensated for the losses from incorrect decisions, they will
 
  A) attempt to maximize risk.
  B) only make choices when the outcomes are absolutely certain.
  C) try to do what most others are doing.
  D) undertake longer-range projects more frequently.

Question 2

Which conditions must be present for perfect competition to occur?
 
  A) A large number of buyers and sellers, and all of them enjoy full and complete information.
  B) Sellers produce identical products.
  C) There is a costless mobility of resources.
  D) Everybody behaves as a price taker.
  E) All of the above.


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nathang24

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

C

Answer to Question 2

E


fasfsadfdsfa

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Reply #2 on: Jun 29, 2018
Correct answers!


nathang24

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Reply #3 on: Jun 29, 2018
Great! Please up vote :D


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