Author Question: Profits are maximized when A) added costs are equal to added revenue. B) costs equal revenue. C) ... (Read 96 times)

Melani1276 · **on:** Jun 30, 2018

Profits are maximized when
A) added costs are equal to added revenue.
B) costs equal revenue.
C) average costs equal average revenue.
D) economic profits are zero.

Question 2

What aspects of bargaining can affect market outcomes?

strudel15 · **Reply #1 on:** Jun 30, 2018

Answer to Question 1

A

Answer to Question 2

The outcomes of bargaining are generally indeterminate and hard to link to characteristics of the buyer or the seller. There are important elements of randomness, but some studies show that access to market-related information can affect outcomes.