Esther wants to buy a used car from her neighbor, who quotes a ...

[deesands]

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

[Athena23]

Answer to Question 1

A

Answer to Question 2

D

[deesands]

YES! Correct, THANKS for helping me on my review

[mcarey591]

Thanks for the timely response, appreciate it