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Author Question: If you are willing to purchase a house for 500,00 . and you purchase the house for 500,00 . , this ... (Read 58 times)

imanialler

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on: Jul 1, 2018
If you are willing to purchase a house for 500,00 . and you purchase the house for 500,00 . , this transaction will generate:
 a. There is no surplus created
  b. 0 worth of seller surplus and unknown amount of buyer surplus
  c. 0 worth of buyer surplus and unknown amount of seller surplus
  d. Not information provided

Question 2

Which of the following can a firm use to reduce competition in the market?
 a. Locking in customers to long term contracts
  b. Seek an exclusive government contract
 c. Acquire patents
 d. All the above


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xMRAZ

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

c

Answer to Question 2

d


imanialler

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

epscape

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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