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Author Question: Esther wants to buy a used car from her neighbor, who quotes a price of 18,000. Esther negotiates ... (Read 96 times)

deesands

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on: Jun 29, 2018
Esther wants to buy a used car from her neighbor, who quotes a price of 18,000. Esther negotiates with her neighbor and offers him 16,500 for the car. This is an example of ________.
 
  A) bilateral bargaining
  B) collective bargaining
  C) arbitration
  D) speculation

Question 2

A monopolistic competitor earns zero economic profits if ________.
 
  A) price is higher than average total cost
  B) price is lower than marginal cost
  C) price is equal to marginal cost
  D) price is equal to average total cost


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Athena23

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

A

Answer to Question 2

D


deesands

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

sailorcrescent

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

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