In the long run, a monopoly's a. economic profits are zero b. economic profits are negative c. ...

Author Question: In the long run, a monopoly's a. economic profits are zero b. economic profits are negative c. ... (Read 79 times)

sc00by25

Hero Member
Posts: 596

on: Jul 1, 2018

In the long run, a monopoly's
a. economic profits are zero
b. economic profits are negative
c. economic profits are positive
d. demand is perfectly inelastic

Question 2

The winners curse is more often associated with;
a. oral auctions
b. second-price auctions
c. first-price sealed bid auctions
d. common value auctions

ecabral0

Sr. Member
Posts: 310

Reply #1 on: Jul 1, 2018

Answer to Question 1

a

Answer to Question 2

d

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