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Author Question: Probability is sometimes defined as a. the expected profit of a fair bet. b. the most likely ... (Read 33 times)

arivle123

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on: Jul 1, 2018
Probability is sometimes defined as
 a. the expected profit of a fair bet.
  b. the most likely outcome of a given experiment.
  c. the outcome that will occur on average for a given experiment.
  d. the relative frequency with which an event will occur.

Question 2

Double markup problems arise when
 a. upstream firms have market power
  b. downstream firms have no market power
  c. upstream and downstream products are unrelated in demand
  d. upstream and downstream firm's pricing decisions tend to increase the demand for the other product


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nanny

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Reply #1 on: Jul 1, 2018
Answer to Question 1

d

Answer to Question 2

a


arivle123

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Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

amandalm

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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