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Author Question: If a used-car dealer suffers economic losses, then A) as a group, its customers were necessarily ... (Read 33 times)

809779

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on: Jun 29, 2018
If a used-car dealer suffers economic losses, then
 
  A) as a group, its customers were necessarily made worse off.
  B) as a group, its competitors necessarily enjoyed economic profits.
  C) it must pass its losses onto its future customers.
  D) none of the above is true.

Question 2

Which of the following markets has a single firm?
 
  A) Perfect competition
  B) Monopolistic competition
  C) Monopoly
  D) Oligopoly


Edwyer

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

D

Answer to Question 2

C


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