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

Author Question: Oligopoly: a. Meets the condition for allocative efficiency. b. Meets the condition for productive ... (Read 57 times)

james9437

  • Hero Member
  • *****
  • Posts: 568
on: Jun 30, 2018
Oligopoly:
 a. Meets the condition for allocative efficiency.
  b. Meets the condition for productive efficiency.
  c. Leads to slower technological progress.
 d. None of the above is true.

Question 2

Which of the following is an example of a non-price provision in an automobile insurance contract that can reduce moral hazard?
 a. A provision specifying that coverage is limited to 75 percent of the total damages caused by an accident.
  b. A provision that disallows medical claims by drunk drivers involved in accidents.
  c. A provision that restricts accident compensation to claims over 1,000.
  d. A provision requiring that the insured car carry certain safety devices like air bags.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

katieost

  • Sr. Member
  • ****
  • Posts: 358
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

B


james9437

  • Member
  • Posts: 568
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

upturnedfurball

  • Member
  • Posts: 334
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Methicillin-resistant Staphylococcus aureus or MRSA was discovered in 1961 in the United Kingdom. It if often referred to as a superbug. MRSA infections cause more deaths in the United States every year than AIDS.

Methicilli ...
Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

Did you know?

One way to reduce acid reflux is to lose two or three pounds. Most people lose weight in the belly area first when they increase exercise, meaning that heartburn can be reduced quickly by this method.

Production efficiency. Production efficiency.
Hyperopia (farsightedness). In the uncorrected top figure, the image would come into focus behind th Hyperopia (farsightedness). In the uncorrected top figure, the image would come into focus behind th
A photograph of a woman with exophthalmos. This condition is associated with hypersecretion of the t A photograph of a woman with exophthalmos. This condition is associated with hypersecretion of the t
Man undergoing a stress test on a treadmill while physician monitors his condition Man undergoing a stress test on a treadmill while physician monitors his condition
Psoriasis. This photograph demonstrates the characteristic white skin patches of this condition. Psoriasis. This photograph demonstrates the characteristic white skin patches of this condition.
Benign prostatic hyperplasia. The condition results when an inner capsule of nonfunctional prostate Benign prostatic hyperplasia. The condition results when an inner capsule of nonfunctional prostate
Video: Secondary and tertiary levels of protein structure Animation

For a complete list of videos, visit our video library