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

Author Question: Which of the following were discovered in a Federal Trade Commission Study of 8,000 new and used ... (Read 34 times)

rachel9

  • Sr. Member
  • ****
  • Posts: 495
on: Jun 30, 2018
Which of the following were discovered in a Federal Trade Commission Study of 8,000 new and used Corvettes sold on eBay between 2001 and 2003?
 a. The last-minute bids on new Corvettes were higher than that on used ones.
  b. The median winning bid on new Corvettes exceeded that on used ones.
  c. The median winning bid on used Corvettes exceeded that on new ones.
  d. The last-minute bids on used Corvettes were higher than that on new ones.

Question 2

If government intervention in the market creates market inefficiencies then
 A) there is government failure.
  B) market failure.
  C) network externalities.
  D) the economy must be democratic.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

tjayeee

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

A


rachel9

  • Sr. Member
  • ****
  • Posts: 495
Reply #2 on: Jun 30, 2018
Thank you :)


tjayeee

  • Sr. Member
  • ****
  • Posts: 329
Reply #3 on: Jun 30, 2018
Happy to help you


« previous next »
 

Did you know?

The first oral chemotherapy drug for colon cancer was approved by FDA in 2001.

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

Did you know?

The types of cancer that alpha interferons are used to treat include hairy cell leukemia, melanoma, follicular non-Hodgkin's lymphoma, and AIDS-related Kaposi's sarcoma.

Bayliss and Starling discovered the mechanism by which the small intestine and pancreas work togethe Bayliss and Starling discovered the mechanism by which the small intestine and pancreas work togethe
Harland and colleagues discovered the morphogen noggin using expression cloning. Harland and colleagues discovered the morphogen noggin using expression cloning.
Berko’s Language Study Berko’s Language Study
Pablo Picasso, Study for Les Demoiselles d'Avignon: Head of the Squatting Demoiselle Pablo Picasso, Study for Les Demoiselles d'Avignon: Head of the Squatting Demoiselle
Mary Cassatt, Study for In the Loge. Mary Cassatt, Study for In the Loge.
The Prison Study The Prison Study
Video: Anaphylaxis Animation

For a complete list of videos, visit our video library