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Author Question: Monopolies can earn positive profits a. In the long run only b. Until they disappear due to new ... (Read 100 times)

MirandaLo

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on: Jul 1, 2018
Monopolies can earn positive profits
 a. In the long run only
 b. Until they disappear due to new entry
  c. In the short run only
 d. None of the above

Question 2

In common value auctions
 a. Every bidder know the value of the object being sold
 b. Each bidder makes the same estimate of the value of the good
  c. Bidders do not know the estimates of the others
 d. The true value of the item differs across bidders


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Marked as best answer by a Subject Expert

bd5255

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

b

Answer to Question 2

c


MirandaLo

  • Member
  • Posts: 538
Reply 2 on: Jul 1, 2018
Excellent

epscape

  • Member
  • Posts: 335
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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