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Author Question: In the long run, a monopoly's a. economic profits are zero b. economic profits are negative c. ... (Read 118 times)

sc00by25

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on: Jul 1, 2018
In the long run, a monopoly's
 a. economic profits are zero
 b. economic profits are negative
  c. economic profits are positive
  d. demand is perfectly inelastic

Question 2

The winners curse is more often associated with;
 a. oral auctions
 b. second-price auctions
 c. first-price sealed bid auctions
  d. common value auctions


ecabral0

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Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

d


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