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 101 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?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

Cade and colleagues discovered a way to improve athletic performance and prevent salt and water imba Cade and colleagues discovered a way to improve athletic performance and prevent salt and water imba
Lilly Martin Spenser’s painting, Domestic Happiness (1844), reflects the change in attitudes toward Lilly Martin Spenser’s painting, Domestic Happiness (1844), reflects the change in attitudes toward
Exercises and Activities That Can Improve Cardiorespiratory Fitness Exercises and Activities That Can Improve Cardiorespiratory Fitness
Reading and talking about a picture book is one effective way to improve children’s language ... Reading and talking about a picture book is one effective way to improve children’s language ...
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 ...
On the Way to Designer Babies On the Way to Designer Babies
Video: Structures that affect circulation - arterioles and vasomotor responses and venous return

For a complete list of videos, visit our video library