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Author Question: If losses are unavoidable in an uncertain world, then A) profits are too. B) profits are only ... (Read 44 times)

fasfsadfdsfa

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on: Jun 29, 2018
If losses are unavoidable in an uncertain world, then
 
  A) profits are too.
  B) profits are only the result of good luck.
  C) profits are avoidable.
  D) profits are the result of people acting with perfect information.

Question 2

A large number of firms in Richland sell energy drinks. However, each firm faces a downward sloping demand curve. The market for energy drinks in Richland is an example of a(n) ________.
 
  A) perfect competition
  B) monopolistic competition
  C) monopoly
  D) oligopoly


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harveenkau8139

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

A

Answer to Question 2

B


fasfsadfdsfa

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  • Posts: 554
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

strudel15

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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