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

Author Question: Which of the following were discovered in a Federal Trade Commission Study of 8,000 new and used ... (Read 8 times)

rachel9

  • Sr. Member
  • ****
  • Posts: 495
on: Jun 30, 2018
Which of the following were discovered in a Federal Trade Commission Study of 8,000 new and used Corvettes sold on eBay between 2001 and 2003?
 a. The last-minute bids on new Corvettes were higher than that on used ones.
  b. The median winning bid on new Corvettes exceeded that on used ones.
  c. The median winning bid on used Corvettes exceeded that on new ones.
  d. The last-minute bids on used Corvettes were higher than that on new ones.

Question 2

If government intervention in the market creates market inefficiencies then
 A) there is government failure.
  B) market failure.
  C) network externalities.
  D) the economy must be democratic.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

tjayeee

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

A


rachel9

  • Sr. Member
  • ****
  • Posts: 495
Reply #2 on: Jun 30, 2018
Thank you :)


tjayeee

  • Sr. Member
  • ****
  • Posts: 329
Reply #3 on: Jun 30, 2018
Happy to help you


« previous next »
 

Did you know?

Oliver Wendell Holmes is credited with introducing the words "anesthesia" and "anesthetic" into the English language in 1846.

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

How the study of genomes and proteomes can provide us with connections to different biological level How the study of genomes and proteomes can provide us with connections to different biological level
Model organisms used to study the genetics of development Model organisms used to study the genetics of development
Using a microscope to study the human body Using a microscope to study the human body
The recently discovered lleret calvaria from Kenya is the smallest H. erectus and shares many traits The recently discovered lleret calvaria from Kenya is the smallest H. erectus and shares many traits
In the summer of 1793, a yellow fever epidemic struck Philadelphia, killing nearly 4,000. Tens of th In the summer of 1793, a yellow fever epidemic struck Philadelphia, killing nearly 4,000. Tens of th
Everytime Im trying to study Check Me! Check Me! Everytime Im trying to study Check Me! Check Me!
Video: Bone Growth and Remodeling

For a complete list of videos, visit our video library