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Author Question: Allocation schemes can be based on A) prices. B) randomness. C) government decisions. D) all ... (Read 75 times)

Beheh

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on: Jun 30, 2018
Allocation schemes can be based on
 A) prices.
  B) randomness.
  C) government decisions.
  D) all of these choices.

Question 2

Mutual interdependence means that:
 a. each firm faces a perfectly elastic demand curve.
 b. each firm faces a perfectly inelastic demand curve.
 c. firms choose price and output simultaneously.
 d. firms must anticipate the possible reaction of rivals to their own economic behavior.


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jennafosdick

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

B

Answer to Question 2

d


Beheh

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  • Posts: 520
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

recede

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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