This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: An allocation in which one person can be made better off only by making someone else worse off is ... (Read 71 times)

laurencescou

  • Hero Member
  • *****
  • Posts: 593
on: Jul 1, 2018
An allocation in which one person can be made better off only by making someone else worse off is
 
  A) inefficient.
  B) efficient.
  C) a partial equilibrium.
  D) a general equilibrium.

Question 2

Refer to Scenario 12.1. What will be the price in the long run if the industry is a Cournot duopoly?
 
  A) 400
  B) 600
  C) 800
  D) 900
  E) Competition will drive the price to zero.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

quynhmickitran

  • Sr. Member
  • ****
  • Posts: 330
Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

A


laurencescou

  • Member
  • Posts: 593
Reply 2 on: Jul 1, 2018
Wow, this really help

mohan

  • Member
  • Posts: 362
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

The top 10 most important tips that will help you grow old gracefully include (1) quit smoking, (2) keep your weight down, (3) take supplements, (4) skip a meal each day or fast 1 day per week, (5) get a pet, (6) get medical help for chronic pain, (7) walk regularly, (8) reduce arguments, (9) put live plants in your living space, and (10) do some weight training.

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

Did you know?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

The discovery of aquaporins, water channels made of a transmembrane protein. The discovery of aquaporins, water channels made of a transmembrane protein.
Assessing a person's spiritual and religious beliefs is an imiportant aspect of nursing care Assessing a person's spiritual and religious beliefs is an imiportant aspect of nursing care
Some uses of recombinant DNA technology for making improved vaccines Some uses of recombinant DNA technology for making improved vaccines
The recent mass upheavals in Tunisia, Egypt, Libya, Yemen, and Syria gave political scientists a cha The recent mass upheavals in Tunisia, Egypt, Libya, Yemen, and Syria gave political scientists a cha
Accounting (Making Entries) Accounting (Making Entries)
How many grams of CO2 can be made from reacting 78.1 g of O2 and 62.4 g of C4H10?2 C4H10 + 13 ... How many grams of CO2 can be made from reacting 78.1 g of O2 and 62.4 g of C4H10?2 C4H10 + 13 ...
Video: Haustral churning, Gastrocolic reflex and mass peristalsis & Defecation

For a complete list of videos, visit our video library