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Author Question: The adverse selection problem is least likely in which of the following occupations? a. lawyer b. ... (Read 128 times)

newbem

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on: Jun 30, 2018
The adverse selection problem is least likely in which of the following occupations?
 a. lawyer
  b. barber
  c. college professor
  d. marketing analyst
  e. manager

Question 2

In a perfectly competitive industry we are likely to find
 a. firms producing a wide variety of products
  b. barriers to entry
  c. no profit possible in the short run
  d. firms that do not advertise
  e. firms that can choose the price of their products


moormoney

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

B

Answer to Question 2

D


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newbem

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Reply #2 on: Jun 30, 2018
Thank you


moormoney

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Reply #3 on: Jun 30, 2018
No problemo


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