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Author Question: Interdependence among firms is characteristic of: a. perfectly competitive markets. b. monopoly ... (Read 99 times)

james

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on: Jun 30, 2018
Interdependence among firms is characteristic of:
 a. perfectly competitive markets.
 b. monopoly markets.
 c. oligopoly markets.
 d. monopolistically competitive markets.

Question 2

According to the Coase theorem, if transactions and negotiations are costless:
 a. people would arrive at agreements that maximize their individual benefits.
  b. people would arrive at agreements that maximize the total economic value.
  c. people would arrive at agreements that minimize their individual costs.
  d. people would arrive at agreement that minimize the total social cost.


catron30

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Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

B


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james

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Reply #2 on: Jun 30, 2018
Correct answers!


catron30

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Reply #3 on: Jun 30, 2018
Great! Please up vote :D


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