This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: In a Dutch auction, the winner pays a price equal to ________. A) the market price of the good ... (Read 65 times)

LCritchfi

  • Hero Member
  • *****
  • Posts: 519
on: Jun 29, 2018
In a Dutch auction, the winner pays a price equal to ________.
 
  A) the market price of the good
  B) the value of the lowest bid
  C) his value for the good
  D) his bid

Question 2

Differentiate between an oligopoly and a monopolistic competition on the basis of the number of firms and the degree of product differentiation.
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Tonyam972

  • Sr. Member
  • ****
  • Posts: 342
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

There are fewer firms in an oligopoly market than in monopolistic competition. There are two categories of oligopoly on the basis of the degree of product differentiationolig opoly with homogeneous products and oligopoly with differentiated products. All firms in a monopolistic competition produce differentiated products.


LCritchfi

  • Member
  • Posts: 519
Reply 2 on: Jun 29, 2018
:D TYSM

pratush dev

  • Member
  • Posts: 321
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Did you know?

Nitroglycerin is used to alleviate various heart-related conditions, and it is also the chief component of dynamite (but mixed in a solid clay base to stabilize it).

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

What makes tea so good What makes tea so good
Good computer skills are now required to be a successful member of an office staff. Good computer skills are now required to be a successful member of an office staff.
Good body mechanics when facing the table directly. A. Head and back in alignment. B. Legs and feet ... Good body mechanics when facing the table directly. A. Head and back in alignment. B. Legs and feet ...
Main Hall, Trajan's Market Main Hall, Trajan's Market
The price of rice in a small country is currently $6 per pound. In order to help low-income ... The price of rice in a small country is currently $6 per pound. In order to help low-income ...
Sonal bought a coat for $198.88, which included 8% PST and 5% GST. What was the selling price ... Sonal bought a coat for $198.88, which included 8% PST and 5% GST. What was the selling price ...
Video: Mutations and translation

For a complete list of videos, visit our video library