Empirical estimates indicate that the annual welfare cost of ...

[wrbasek0]

Empirical estimates indicate that the annual welfare cost of monopoly in the United States
 a. ranges from less than 1 percent to 5 percent of national income
  b. ranges from 10 percent to 20 percent of national income
  c. is approximately 10 percent of national income
  d. is approximately 1 billion
  e. is approximately 1 trillion

Question 2

The Amsterdam flower market is
 a. an example of an open outcry auction market
  b. an example of a Dutch auction market
  c. a commodity market in which bidding opens at a low price and then moves upward
  d. the world's best example of a perfectly competitive market
  e. a monopoly market

[amynguyen1221]

Answer to Question 1

A

Answer to Question 2

B

[wrbasek0]

Thanks for the timely response, appreciate it

[ktidd]

TYSM