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Author Question: Markets can fail when there is A) a clear definition of property rights. B) common property. C) ... (Read 162 times)

jrubin

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on: Jun 30, 2018
Markets can fail when there is
 A) a clear definition of property rights.
  B) common property.
  C) an absence of externalities.
  D) competition.

Question 2

A large oligopolistic firm that unilaterally makes changes in price which competitors tend to follow is known as a:
 a. price leader.
 b. price maker.
 c. dominant strategy firm.
  d. cartel leader.


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Ddddd

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Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

a


jrubin

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

shailee

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Reply 3 on: Yesterday
Excellent

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