Author Question: Property rights A) only need to be found in wealthy segments of the population. B) need to be ... (Read 14 times)

yoroshambo · **on:** Jun 30, 2018

Property rights
A) only need to be found in wealthy segments of the population.
B) need to be universal.
C) do not promote incentives.
D) do not promote efficiency

Question 2

Firms in an oligopoly market can potentially earn economic profits.
a. In the short run, but not the long run.
b. In the long run, but not the short run.
c. In both the short run and long run
d. In neither the short run nor the long run