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

Author Question: Politicians have often kissed babies to improve their re-election prospects. A rational politician ... (Read 92 times)

brutforce

  • Hero Member
  • *****
  • Posts: 540
on: Jun 29, 2018
Politicians have often kissed babies to improve their re-election prospects. A rational politician will kiss babies as long as
 
  A) the public is impressed.
  B) the marginal benefits exceed the marginal costs.
  C) there is a camera crew to document the activity.
  D) the babies are cute.

Question 2

What are the types of market power? How do they arise?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mathjasmine

  • Sr. Member
  • ****
  • Posts: 312
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

There are two types of market power. They are as follows:
a) Legal market power: Legal market power arises when the government grants exclusive production rights to particular firms, thus creating barriers to entry.
b) Natural market power: Natural market power arises when barriers to entry occur naturally. This can happen when a firm owns or controls a key resource necessary for production or when a firm enjoys economies of scale over the relevant range of output.


brutforce

  • Hero Member
  • *****
  • Posts: 540
Reply #2 on: Jun 29, 2018
Correct answers!


mathjasmine

  • Sr. Member
  • ****
  • Posts: 312
Reply #3 on: Jun 29, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

Exercises to improve circulation to the lower extremities. Exercises to improve circulation to the lower extremities.
Babies! Babies!
Presidential Election, 1860 Presidential Election, 1860
As their numbers grow and their resources and health improve, the elderly will enjoy life more and ... As their numbers grow and their resources and health improve, the elderly will enjoy life more and ...
Covering the interior as soon as the vehicle comes in for service helps improve customer ... Covering the interior as soon as the vehicle comes in for service helps improve customer ...
Lymphatic massage techniques improve the circulation of lymph fluid. Lymphatic massage techniques improve the circulation of lymph fluid.
Video: Electromagnetic Spectrum, Chlorophyll and Pigment & Light

For a complete list of videos, visit our video library