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Author Question: If the value of a cable TV franchise is uncertain, too much may be bid for the franchise. This is an ... (Read 144 times)

Shelles

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on: Jun 30, 2018
If the value of a cable TV franchise is uncertain, too much may be bid for the franchise. This is an example of
 a. moral hazard
  b. an authority relation
  c. the winner's curse
  d. the principal-agent problem
  e. adverse selection

Question 2

A country's balance of payments summarizes all economic transactions during a given period between residents of that country and residents of other countries.
 a. True
  b. False


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dawsa925

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

C

Answer to Question 2

A


Shelles

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Reply 2 on: Jun 30, 2018
Gracias!

mochi09

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Reply 3 on: Yesterday
Excellent

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