« previous next »

Author Question: In the used car market without warranties, adverse selection results in A) sellers of lemons ... (Read 79 times)

lunatika

  • Hero Member
  • *****
  • Posts: 548
on: Jun 29, 2018
In the used car market without warranties, adverse selection results in
 
  A) sellers of lemons claiming that their car is a lemon.
  B) only lemons being available for sale.
  C) the market price of used cars equal to that of good used cars.
  D) all of the above.

Question 2

Does section 2 of the Sherman Act make it a felony to attempt to monopolize an industry or must the attempt succeed before it is a felony?
 
  What will be an ideal response?


bhavsar

  • Sr. Member
  • ****
  • Posts: 351
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

Section 2 of the Sherman Act makes attempting to monopolize an industry a felony. It is not necessary for the attempt to succeed.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

Positive and negative selection during T-cell development. Positive and negative selection during T-cell development.
Hydroelectric power: 2013 Global Market Hydroelectric power: 2013 Global Market
Activation and Clonal Selection of a Helper T Cell Activation and Clonal Selection of a Helper T Cell
Results of the serial dilution technique and subsequent culture of bacteria Results of the serial dilution technique and subsequent culture of bacteria
An example of DNA profile results for the 13 original CODIS STRs An example of DNA profile results for the 13 original CODIS STRs
Comparison of traits associated with r-selection and K-selection Comparison of traits associated with r-selection and K-selection
Video: Transmission Across a Synapse

For a complete list of videos, visit our video library