« previous next »

Author Question: In the long run, a monopoly's a. economic profits are zero b. economic profits are negative c. ... (Read 121 times)

sc00by25

  • Hero Member
  • *****
  • Posts: 596
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

  • Sr. Member
  • ****
  • Posts: 310
Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

d


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

Components of a long bone. The entire long bone is on the left side accompanied by a blowup of the p Components of a long bone. The entire long bone is on the left side accompanied by a blowup of the p
Transformation and Evolution of a Long-Period Comet Transformation and Evolution of a Long-Period Comet
Gram Negative Testing Gram Negative Testing
Long bones develop from several bony centers--one for the shaft and at least one for each end. The e Long bones develop from several bony centers--one for the shaft and at least one for each end. The e
economic question economic question
economic question economic question
Video: SNP Polymorphysim Microarray Chip - How to Test a Person's DNA

For a complete list of videos, visit our video library