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Author Question: Fill in the blank: Firms under perfect competition would enjoy ________ market power. A) ... (Read 34 times)

evelyn o bentley

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on: Jun 29, 2018
Fill in the blank: Firms under perfect competition would enjoy ________ market power.
 
  A) absolutely no
  B) some
  C) much
  D) total

Question 2

Which of the following implies that a model is an approximation?
 
  A) The model is not based on any assumption.
  B) The predictions of the model are mostly wrong.
  C) The predictions of the model will hold in most cases but not all.
  D) The predictions of the model cannot be tested with data.
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
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ecox1012

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


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