Author Question: If a used-car dealer suffers economic losses, then A) as a group, its customers were necessarily ... (Read 87 times)

809779 · **on:** Jun 29, 2018

If a used-car dealer suffers economic losses, then

A) as a group, its customers were necessarily made worse off.
B) as a group, its competitors necessarily enjoyed economic profits.
C) it must pass its losses onto its future customers.
D) none of the above is true.

Question 2

Which of the following markets has a single firm?

A) Perfect competition
B) Monopolistic competition
C) Monopoly
D) Oligopoly

Edwyer · **Reply #1 on:** Jun 29, 2018

Answer to Question 1

D

Answer to Question 2

C

Author Question: If a used-car dealer suffers economic losses, then A) as a group, its customers were necessarily ... (Read 87 times)

809779

If a used-car dealer suffers economic losses, then A) as a group, its customers were necessarily ...

Edwyer

If a used-car dealer suffers economic losses, then A) as a group, its customers were necessarily ...

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