Author Question: The adverse selection problem is least likely in which of the following occupations? a. lawyer b. ... (Read 188 times)

newbem

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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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Answer to Question 1

B

Answer to Question 2

D



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