Author Question: Intense market competition is ________ for consumers, since it_______. a. Bad; erodes producer ... (Read 227 times)

ARLKQ

  • Hero Member
  • *****
  • Posts: 571
Intense market competition is ________ for consumers, since it_______.
 a. Bad; erodes producer surplus
 b. Bad, increases variety in the market
 c. Good, increases the price level in the market
  d. Good; decreases the price level in the market

Question 2

To attract more bidders, and more aggressive bidders, to your common-value auction
 a. withhold relevant information about the value of the object
 b. don't allow bidders to know how others are bidding
 c. do not allow potential bidders to examine the object too closely
  d. hold oral auctions



raili21

  • Sr. Member
  • ****
  • Posts: 324
Answer to Question 1

d

Answer to Question 2

d



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

Did you know?

More than 34,000 trademarked medication names and more than 10,000 generic medication names are in use in the United States.

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

For a complete list of videos, visit our video library