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Author Question: When comparing point A, which lies within a utilities possibilities frontier, with point B, which ... (Read 152 times)

bobypop

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on: Jul 1, 2018
When comparing point A, which lies within a utilities possibilities frontier, with point B, which lies on the same utilities possibilities frontier,
 
  A) A is necessarily more efficient than B.
  B) A is necessarily more equitable than B.
  C) B is necessarily more efficient than A.
  D) B is necessarily more equitable than A.

Question 2

A market structure in which there is one large firm that has a major share of the market and many smaller firms supplying the remainder of the market is called:
 
  A) the Stackelberg Model.
  B) the kinked demand curve model.
  C) the dominant firm model.
  D) the Cournot model.
  E) the Bertrand model.


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joewallace

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

C

Answer to Question 2

C


bobypop

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Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

debra928

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Reply 3 on: Yesterday
Excellent

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