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Author Question: Empirical estimates indicate that the annual welfare cost of monopoly in the United States a. ... (Read 86 times)

wrbasek0

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on: Jun 30, 2018
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


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amynguyen1221

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

A

Answer to Question 2

B


wrbasek0

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

laurnthompson

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Reply 3 on: Yesterday
Excellent

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