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

Author Question: In the figure above, suppose that Mac and Izzie trade and reach point c. Then A) Mac produces ... (Read 206 times)

Beheh

  • Hero Member
  • *****
  • Posts: 520
on: Jun 29, 2018
In the figure above, suppose that Mac and Izzie trade and reach point c. Then
 
  A) Mac produces outside his production possibilities frontier.
  B) Izzie produces outside her production possibilities frontier.
  C) Mac and Izzie both produce outside their production possibilities frontiers.
  D) neither Mac nor Izzie produce outside their production possibilities frontiers.

Question 2

A contestable market is one in which there are
 
  A) one or a few firms, and entry into the market is costly.
  B) one or a few firms, and entry into the market is not costly.
  C) many firms, and entry into the market is costly.
  D) many firms, and entry into the market is not costly.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

lkanara2

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

B


Beheh

  • Member
  • Posts: 520
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

ASDFGJLO

  • Member
  • Posts: 335
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Did you know?

Asthma is the most common chronic childhood disease in the world. Most children who develop asthma have symptoms before they are 5 years old.

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

Did you know?

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

Mixing bacterial genotypes produces rare recombinants Mixing bacterial genotypes produces rare recombinants
Structure of the ovary and uterine (fallopian) tube. Figure illustrates stages of ovum development a Structure of the ovary and uterine (fallopian) tube. Figure illustrates stages of ovum development a
Location of point of maximum effort Location of point of maximum effort
Demonstrate the Application of Triangular, Figure-Eight, and Tubular Bandages Demonstrate the Application of Triangular, Figure-Eight, and Tubular Bandages
Finding the length given total distance and distance longer than other point Finding the length given total distance and distance longer than other point
The molality of a C12H23O11 solution is 0.6 m. what is the freezing point of the solution C? The molality of a C12H23O11 solution is 0.6 m. what is the freezing point of the solution C?
Video: Stimulus (introduction)

For a complete list of videos, visit our video library