The tendency of people to value something more highly when they ...

[student77]

The tendency of people to value something more highly when they own it is called the
 
  A) wealth effect.
  B) endowment effect.
  C) path dependent effect.
  D) endorsement effect.

Question 2

In the long-run equilibrium in a perfectly competitive market, the economic profit of the firms is
 
  A) positive.
  B) negative.
  C) zero.
  D) increasing.

[frejo]

Answer to Question 1

B

Answer to Question 2

C

[student77]

Excellent

[momolu]

Thanks for the timely response, appreciate it