Author Question: When comparing point A, which lies within a utilities possibilities frontier, with point B, which ... (Read 136 times)

bobypop · **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.