Michael Potter argued that ____ led to firms earning economic ...

[Mr3Hunna]

Michael Potter argued that ____ led to firms earning economic profit over extended periods of time.
 A) the ease of substitution
  B) market power
  C) the extent of consumer power
  D) degree of competition from foreign tariffs

Question 2

Where monopsony exists, ____ workers will be hired at ____ wages than if perfect competition prevailed in a labor market.
 a. fewer; lower
 b. fewer; higher
  c. more; lower
 d. more: higher

[Expo]

Answer to Question 1

B

Answer to Question 2

a

[Mr3Hunna]

Excellent

[jomama]

Thanks for the timely response, appreciate it